The, "Eritrea's Mining Sector Government Policy, Progress to-date & Future Prospects," provides a comprehensive overview of Eritrea's mining sector, highlighting its rich geological potential and the government's strategic policies for its development. It discusses how Eritrea, being part of the mineral-rich Arabian Nubian Shield, possesses significant deposits of precious and base metals. The document emphasizes the government's commitment to diversified economic growth and sustainable resource management, enacting laws that promote a transparent and favorable environment for foreign investment while safeguarding national interests and ensuring equitable wealth distribution. Furthermore, the text addresses the challenges posed by external political pressures, particularly from Western powers, which have inadvertently led to increased investment and ownership by Chinese companies in the Eritrean mining industry. Despite these obstacles, the source concludes that Eritrea's mining sector has shown remarkable resilience and continued progress, attracting diverse international investors due to its attractive policies and the government's supportive role.
Eritrean National Mining Corporation (ENAMCO)
