The 5th Eritrean Mining Conference opened today at Asmara Palace Hotel in the capital under the theme “Mining Excellence for Driving Economic Growth”.
Speaking at the opening of the Conference in which Government officials, representatives of various countries, mining companies and social service-rendering institutions took part, Gen. Sebhat Ephrem, Minister of Energy and Mines, pointed out that Eritrea possesses rich mineral resources and that the undertaking of research activities towards harnessing the available resources is imperative.
The Minister further indicated that sufficient information has been secured since the holding of mining conferences in Asmara in 2010 pertaining to industrial mining, and that endeavors are being made to harness such resource. In this regard, he stated that the necessary regulations have been put in place that has secured confidence on the part of foreign companies.
He went on to explain that about 60% of Eritrean territory contains mineral resources, and that the necessary conducive ground prevails in the country, coupled with a corruption-free leadership and viable infrastructure facilities, among others, thus ensuring the requisite factors for expanding industrial plants. Gen. Sebhat also indicated that there are plans to launch 4-dimensional mining projects in 2017.
Representatives of 50 mining companies are taking part in the conference.
at the same time , the mining companies operating in Eritrea presented concise and current information pertaining to the equipments they have deployed, work accomplishment and their efforts to safeguard sound ecology, among others.
The mining companies operating in Eritrea include Bisha, Zara, Sunridge, South Boulder, Beijing Sinoma, Andiamo Exploration, Ketina, Kerkebet, Land Energy Group, Adobha resources, etc. According to reports the remaining ones are in the stage of conducting research and studies.
Meanwhile, a pictorial exhibition portraying the activities of the mining companies operating in Eritrea, as well as the firms supplying machineries and equipments has been staged at the conference site.