The Eritrea economic growth has been modest in the recent years as evidenced by a growth in GDP or Gross Domestic Product in the year 2004. But still, worker remittances still account for about 32% of the country’s GDP. Eritrea’s economic growth in 2011 has accelerated to about 17 percent, giving this Red Sea state [...]
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Oil in Eritrea
The country of Eritrea is known to have an extensive amount of mineral and gold deposits. But is the land rich in natural gas, petroleum and oil too? Most of Eritrea’s natural resources have remained unexploited because of the extensive wars it has fought with its neighboring countries, especially Ethiopia. But according to Roy Pateman, [...]
The Eritrea Gold
A lot of gold mining companies these days are expanding their focus in Africa and to the northeast regions of the continent. Eritrea is believed to contain rich mineral sources for gold, marble, potash, copper, natural gas and silver. There are some companies that were given permissions in various parts of the country for gas, [...]
Eritrea Mining
Eritrea’s mineral deposits are mostly unexplored and undiscovered because of the long standing colonial period. Based on the information released by the national government of Eritrea, artisanal mining in the year 1998 gathered around 573 kilos of gold. Eritrea is believed to have a certain deposit of gold reserves, although the total amount still couldn’t [...]