Eritrea: Eritrea, country of the Horn of Africa, located on the Red Sea. Eritrea’s coastal location has long been important in its history and culture—a fact reflected in its name, which is an Italianized version of Mare Erythraeum, Latin for “Red Sea.” The Red Sea was the route by which Christianity and
Pre-Feasibility study on Faléa mine project started: On Nov. 15, 2012, Rockgate Capital Corp. announced the commencement of a Pre-Feasibility study on its Faléa U-Ag-Cu project in south-west Mali. Rockgate has engaged the services of the DRA Group of Johannesburg, South Africa to complete the study.
Few large private enterprises exist in Eritrea and most operate in conjunction with government partners, including a number of large international mining ventures, which began production in 2013. In late 2015, the Government of Eritrea introduced a new currency, retaining the name nakfa, and restricted the amount of hard currency