Geopolitical updates

@geopolupdates.bsky.social

1 year ago

#ENAMCO holds interests in 4 #mining projects: #Bisha, Zara, #Asmara project & #Colluli. The last 1 is yet to start in 25 & onwards. If all are operational combined profits would be hundreds of millions ex. job creation effects & for #Eritrea’s 3.6 mln ppl this is transformative

Geopolitical updates

@geopolupdates.bsky.social

1 year ago

#Eritrea ’s🇪🇷 deal to receive 40% of profits through state-owned #ENAMCO, is relatively unique & stands out in global #mining industry. ENAMCO automatically gets 10% ownership without paying, in all mining projects & has the option to purchase up to a further 30% stake. #Asmara #Eritrean #Massawa