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Vol 5 (AAC) No 8

Published 1st June 2012


Eritrea

A golden entrance

Australian mining firm Chalice Gold Mines announced on 27 April that it would sell its 60% stake in the Zara gold mine in Eritrea to China Shanghai Corporation for Foreign Economic & Technological Cooperation (SFECO), a wholly-owned subsidiary of state-owned Shanghai Construction Group, after having trouble sourcing development funding.

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