The government of Eritrea continues to show its strong support to the development of mining as an important sector of its national economy.
|Population||5.8 million (2010 estimate)|
|Currency||Nakfa (Pegged to the USD)|
|Time Zone||GMT + 3|
|Politics||Single party state. No corruption. UN arms embargo / sanctions have no impact on Bisha or Nevsun|
|Culture||50% Islamic, 50% Christian|
|Languages||Tigrinya, Tigre, Arabic and English. English is rapidly becoming the language of business and education.|
Eritrea is located in northeast Africa, between Sudan and Ethiopia. The country covers 121,000 km2 (47,000 miles2), about the size of New York state. Eritrea enjoys 1,150 km of Red Sea coastline, one of the world's busiest shipping lanes. Eritrea has major modern ports at Massawa and Assab with facilities for import and export of a wide range of products.
Eritrea enjoys excellent infrastructure as related to the Bisha mine.
|Port||Large active port at Massawa on Red Sea; one of the world's busiest shipping lanes|
|Roads||Paved road from Massawa through Asmara and then to within 50 km of site then flat hard pan to site|
|Power||Onsite power generation; diesel trucked in from Massawa|
|Water||Robust permitted groundwater sources|
|Air Service||Regular commercial jet service from Cairo, Istanbul and Dubai. Bisha site has government constructed airstrip.|
In 1900, Asmara became the capital of the Italian colony of Eritrea. In the late 1930s Italy invested heavily in Eritrea building infrastructure, factories and buildings; Asmara was called "Piccola Roma" (Little Rome). Today, many major buildings are of Italian origin, and shops still have Italian names (Bar Vittoria, Pasticceria Moderna, Casa del Formaggio, Ferramenta, etc.).
In 1941, British forces drove out the Italians and after World War II administered the territory under a UN mandate. In the year 1951, Eritrea was federated with Ethiopia as per UN resolution 390(A) that was adopted in December 1950. Ethiopia annexed Eritrea militarily in 1962.
Eritrea gained independence in 1993, after fighting for its freedom for over 30 years.
Eritrea is largely an agriculture based economy and one of the poorest nations in the world. The country's economy predominantly consists of:
|Industry||Food processing, beverages, clothing and textiles.|
|Agriculture||Sorghum, lentils, vegetables, corn, livestock, fish.|
|Exports||Livestock, sorghum, textiles, food, small manufactures.|