The Arabian-Nubian Shield (ANS) has long been a treasure trove of mineral wealth, boasting over 1,000 recorded ancient copper and gold mines and more than 6,000 prospects and occurrences. Despite its historical significance, only a handful of these sites are currently in production or under development for mining. However, recent comparisons to renowned mining regions like Canada and Australia suggest that the ANS is vastly underexplored, hinting at the potential for numerous world-class discoveries awaiting exploration.
Why Eritrea?
In the heart of the ANS lies Eritrea, a country gaining momentum in the mining industry. Eritrea offers a stable political environment, making it an attractive destination for mining investment. Moreover, it has established a special status for miners and explorers, further reducing investment risk. With mines like Bisha and Zara already in production and projects like Asmara and Colluli in development, Eritrea presents a compelling case for those seeking to capitalize on the untapped potential of the ANS.
Online and Advanced Projects
Eritrea has ushered in a modern phase of mining with several advanced projects:
1. Bisha Mine (VMS/Gold)
Operated by Bisha Mining Share Company, a joint venture between Zijin Mining and the Eritrean government, Bisha Mine stands as Eritrea’s first modern mine. With reserves including gold, silver, copper, and zinc, Bisha Mine has been in commercial production since 2011, demonstrating its reliability and profitability.
The satellite deposits of Harena and Asheli are expected to boost Bisha Mining projects’ production and add significantly to the mining life of the project.
2. Zara Mine (Gold)
Owned by China SFECO Group and the Eritrean government, Zara Mine represents another success story in Eritrea’s mining sector. With a feasibility study confirming its potential, Zara Mine commenced production in 2016, contributing to Eritrea’s growing reputation as a mining hub.
3. Asmara Project (VMS/Gold)
The Asmara Project, a collaboration between SRBM Group and the Eritrean government, holds promising reserves of zinc, copper, gold, and silver. With a bankable feasibility study completed and a mining license granted, Asmara Project is poised to become Eritrea’s next major mining operation, with construction began in 2022.
4. Colluli (Potash)
Led by Danakali in partnership with the Eritrean government, Colluli represents a significant venture into the potash sector. With a projected mine life of over 70 years and a definitive feasibility study confirming its viability, Colluli aims to become a key player in the global potash market upon its commissioning in 2023.
5. Kerkasha Mining Project
The Kerkasha mining project in Eritrea is an exploration initiative focused on uncovering mineral resources, primarily gold and copper. Operated by Alpha Exploration Ltd., the project covers the Kerkasha license area, which spans approximately 973 square kilometers in the mineral-rich Arabian-Nubian Shield. The region is known for its potential in hosting significant mineral deposits. Ongoing exploration activities include drilling, sampling, and geological surveys aimed at identifying viable mineral reserves to support Eritrea’s growing mining sector.
Unlocking Eritrea’s Mining Potential
Eritrea’s mining sector is on the brink of a transformation, driven by advanced projects and a favorable investment climate. As the country continues to develop its mineral resources, it is poised to emerge as a prominent player in the global mining industry. With a rich array of deposits and a commitment to responsible mining practices, Eritrea invites investors to join in its journey toward unlocking the full potential of the Arabian-Nubian Shield.