New Red Sea Island Formed Between Eritrea and Yemen

A volcanic eruption has created a new island in the Red Sea between Yemen and Eritrea

By Samantha Stainburn,

The Red Sea begged Santa for months for a brand new island, and lo-and-behold, the jolly man caused an underwater eruption that formed a new piece of land in the middle of the Red Sea.

According to CNN, the island, which is basically a mass of lava that cooled once it broke through the water’s surface, was formed after a submarine shield volcano which has formed several small islands in the area between Yemen and Eritrea, erupted. The last time the volcano erupted was in the 19th century. Continue reading

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Chalice to Maintain its Mogoraib North Deposit after Zara Sale

Chalice Gold vowed to develop its lucrative Mogoraib North Deposit with the significant cash it generates from Zara sale

By TesfaNews,

After Chalice Gold Mines (ASX: CHN; TSX: CXN) announced its intention to enter into a conditional short form agreement with China’s SFECO Group on selling its 60 percent share in the Zara Project in Eritrea, many thought it was a pack and leave for Chalice.

However, Chalice announced today that it will definitely maintain its active presence in Eritrea by undertaking a significant exploration program at its Mogoraib North Project that lies about 100km south of the Zara Project and immediately north of the world-class Bisha mine. Continue reading

Chinese Company Acquired Chalice’s 60% Stake in Eritrea

Chalice Gold goes Red for China

By Chalice Gold Mines,

Chalice Gold Mines (ASX: CHN; TSX: CXN) announces that it has entered into a conditional shortform agreement (the “Agreement”) to sell its remaining 60 per cent stake in the Zara Project in Eritrea to China SFECO Group (SFECO), a subsidiary of Shanghai Construction Group Co. Ltd.
This follows the agreement in July 2011 pursuant to which Chalice agreed to sell a 30% interest in the Zara Project to the Eritrean National Mining Corporation (“ENAMCO”) which is in addition to the 10% carried interest in the project already held by ENAMCO. Continue reading

Darfur JEM Leader Khalil Ibrahim Killed

Darfur rebel leader Khalil Ibrahim killed "en route to South Sudan": Army

By Jeffrey Gettleman,

Khalil Ibrahim, a powerful Sudanese rebel leader who mounted a daring and near-successful raid that took his fighters from the sun-blasted deserts of Darfur to the doorstep of the capital, Khartoum, was killed in battle on Sunday, the Sudanese government said.

Sudanese military officials said they killed Mr. Ibrahim and several comrades during a shootout in the southern reaches of the country, and Arab news networks reported that Mr. Ibrahim’s family had confirmed his death. Continue reading

Eritrean Foreign Ministry Sent Letter to President of the UN Security Council

Eritrea: We urges for a review and annulment of the resolutions as well as replacing the Monitoring Group with an independent, impartial and credible body.

By MoFA,

The Eritrean Foreign Ministry last week wrote a letter to current President of the Security Council, H.E. Ambassador Vitaly  Churkin of Russia, to formally file its objection to Resolution 2023 (2011) and urges for an establishment of an independent, impartial and credible body in the place of the Monitoring Group, which has failed to garner the support of many members of the Security Council due to its lack of independence, professionalism, impartiality and objective.

It also urges the Security Council to review and annul the unwarranted measures and resolutions that are rooted on fabricated and groundless accusation that emanate from misguided and hostile political objectives. Please read the full content of the letter (13 pages) as well as the original letter below. Continue reading

Over 1.5 Million Year-old Human Skeleton Discovered in Buya, Eritrea

Eritrean Researchers working hard in narrowing the human trace gap

By Shabait,

Over one-million year-old human skeleton including skulls and molars has been unearthed in Buya area, Northern Red Sea region.

In the task undertaken by Eritrean and Italian archaeologists, the skeleton of the human species was excavated by Mr. Tsegai Medin, director of research department at the National Museum of Eritrea.

The unearthing of molars of human beings dating back to 1, 400,000 – 650,000 years in the Horn of Africa region was detected by Mr. Husein Omar, a guard of historical sites. Continue reading

What if China Acquires Chalice Gold Mines in Eritrea?

Chalice's Takeover by China will be good for Eritrea and the other mining companies operating there: Grandich

By TesfaNews,

Ever since the announcement made by Chalice Gold Mines about the signing of a non-binding letter of intent to sell its 60% stake in the Zara gold project Eritrea, rumors started to run fast in the capital markets to find out who could be that lucky counterpart since Chalice did not disclose the name of the potential acquirer.

The first suspect was Canadian Miner Nevsun Resources who owns and develops the highly profitable Bisha gold mine in Eritrea. This is because a couple of months back, the company announced that it was looking to buy advanced-stage copper-gold projects that had some kind of economic assessment, either a PEA (preliminary economic assessment) or greater, which Chalice fits well with all those conditions, in the Americas, Europe or Africa. Continue reading