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The current licenses status PDF Print E-mail
Friday, 31 October 2008
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The current licenses status
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Currently one mining and nineteen  exploration companies are operating in Eritrea. The total area covered by licenses is 15,627 square kilometers (mining - 39 and exploration - 15,588) comprising approximately 12.5 % of the country's land coverage. In addition to this the Ministry has received applications from six companies for precious, base metal and potash in different parts of the country.  This covers another 23,000 square kilometers of land, which if granted will increase the percentage of land coverage by mineral tenements to 31percent. The details of companies and their activities currently operating and applying for new tenement in Eritrea are briefly described below. To find a free space to apply for a new area see the  Mineral concession map of Eritrea

As a result of exploration, since the first batch of licenses were awarded in mid 1990's,  a resource in excess of 117 million tons has been defined ranging from inferred to proven and containing over 3 million ounces of gold, 41million ounces of silver, 2.2 billion pounds of copper and 4.1 billion pounds of zinc.

 

Mining and Development Stage Campanies 

 

Bisha Mining Share Company is a mining and Exploration Company owned in joint-venture between Eritrea's National Mining Corp. (ENAMCO) and Canada's Nevsun Resources Ltd. BMSC managed to make the first modern mine in Eritrea. After commissioning in the end of 2010, and starting of commercial production in February 2011, mining continues with strong operational and safety performance. Bisha is a high grade, low cost mine with 28 million tonnes @ 1.78 g/t gold, 38.9 g/t silver, 1.6% copper and 3.15 % zinc and indicat­ed and inferred resource of 10.6 million tonnes @ 0.67 g/t Au, 47.78 g/t Ag, 0.91 percent Cu and 5.67 percent Zn.

 

Aiming to expand the reserve, the company is conducting detail explora­tion programs involving infill drilling in Bisha main, drilling-assisted exploration in Bisha Northwest, in the Hanging wall zone and in Harena deposits. There are clear indications not only for the poten­tial increase of the reserve at the Bisha mine but also for additional feed of the Mine from the latter deposits.

 

 


Last Updated ( Thursday, 12 January 2012 )
 
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