Eritrea Hosts 4th Regional Mining Conference

Development News
In 2017, Eritrea will have four world class mines: Bisha, Asmara, Zara and Colluli
Eritrea’s mining potential explained. By 2017, four new world class mining projects will be launched

By Shabait,

The 4th Asmara Mining Conference opened on October 1st here in the capital under the theme “Meeting the Challenges for Sustainable Mining” in the presence of government officials, country and mining company representatives, as well as service providers.

In opening remarks, Mr. Alem Kibreab, Director General of the Mining Department, noted the prevailing challenges of the sector at global level, and explained that the smear campaigns targeting Eritrea’s mining activities are but part of the ongoing baseless hostile activities. He further disclosed that 4 new mining projects are due to be launched in the year 2017, thus demonstrating the nation’s potential to this end.

In the course of the meeting, the participants observed pictorial exhibition depicting the current mining and service business prospects in the country, besides the previous and ongoing mining as well as exploration activities.

The meeting in which more than 400 individuals are taking part and a number of study papers are being presented would continue until the 5th of this month, according to reports.

The participants of the 4th Mining Conference pointed out that they could have deeper understanding regarding Eritrea’s mining potential and the ongoing national ventures to this end.

Various representatives of mining companies expressed satisfaction with the manner the meeting was organized vis-à-vis the deep discussion conducted on the agenda items. They further voiced conviction that the nation ensures conducive environment for mining activities as it holds admirable geological profile, availability of related resources and prevalence of peace.

Mr. Alasdair Smith, Managing Director of Sahar Mineral Company, and Mr. Victor He, Representative of Sattva Capital, explained that Eritrea’s mining accomplishment can be cited as an exemplary one along the Arab-Nubian Shield, and that it attests to the Government’s stepped-up endeavors towards developing the sector.

Moreover, Mr. Dimitry Shtreys, General Manager of Ketina Mining Company, and Mr. Onward Tubela from TOTAL Company said that the meeting provided a forum for exchange of experience and valuable discussion as regards the mutual challenges and strong sides. They also made note of the vigorous competition in the mining industry, and stated that the points raised in the conference would give impetus to Eritrea’s efforts thereof.

The 4th Mining Conference in which a total of 400 individuals comprising country representatives, mining and exploration companies, mining experts, investors as well as service providers have been taking part concluded yesterday.

Reports indicated that the participants conducted an in-depth discussion on the papers presented focusing on national mining resources, the activities of mining companies in the Homeland, the impact of mining on the environment, mining companies due to begin activities in Eritrea as of the year 2017, as well as safety of employees on site. Moreover, experts presented briefings pertaining to the prospects of potash mining and its advantage for agricultural purposes, assimilations of mining potentials in the Arab-Nubian Shield with that of Eritrea and the negative impact of Mercury on traditional as well as small-scale mining activities.

The participants are engaged in tours to mining and exploration sites, as well as other places of geological and tourism-related importance following the conclusion of the meeting. The tour would conclude on the 5th of this month.
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