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Home arrow News arrow Comments on the Mining Journal on line release captioned Eritrea Grants Mining Exploration Licenses
Comments on the Mining Journal on line release captioned Eritrea Grants Mining Exploration Licenses Print E-mail
Written by Mebrahtu Ekubazghi, Ministry of Energy and Mines, Asmara - Eritrea   
Thursday, 18 October 2007
Like most people involved in the Mining Industry I am an avid reader of the Mining Journal and I have high regards for it.

However on Oct. 3, 2007 I was very much surprised and saddened to read a Mining Journal on line story on the above caption. My surprise and sadness did not come from the granting of Exploration Licenses but from the implication and speculation behind the story.

Mining Journal online every day, week, month comes out with mining and mineral exploration stories and accounts from all over the world. I have followed it with enthusiasm covering good and sad stories and sometimes repeating some of the stories for a very short span of time when it deems it necessary.

On it's Oct. 3, 2007 coverage of Eritrea it briefly quoted Eritrean profile on the Granting of the License to a Chinese and an Eritrean Chinese JV companies but omitted a big chunk of the profile release and then went on to other issues not really relevant to the story itself.

As a Journal that champions the Industry I really wonder how it would help (the Global Mining Industry) to repeatedly raise and remind people the 2004 work stoppage, an issue that ought to be history by now. Unless of-course it is meant to scare and chase investors from the Mining Industry of Eritrea by creating a wrong perception based on a story that was ameliorated long ago. Can't you guys come out of this story once and for all?

Forgive my ignorance but I always find the idea of trying to tie granting of even grass roots exploration License to Chinese companies with debt relief, low interest rate, so on and so forth quite absurd. This is a simple investment matter in a simple investment seeking country like any other country in the world; unless the Journal has been exchanging notes with Mr. Nathan Baker of Resource venture.

You will agree with me, if I turn the pages of the last Mining Journal issue I will find lots of coverage on Chinese companies investing in different corners of the world and vise versa with no unrelated stories attached to them.

I am also puzzled why a Journal I admire so much has opted to omit the last statement of the Ministry's press release. In case Mining Journal has some how missed it let me put it here. “The Government of Eritrea is committed to wards building a modern and efficient Mining Industry to harness its minerals wealth in partner ship with both local and international mining development businesses and organizations from all corners of the world ( emphasis mine ) as are reflected in these recent agreements.”

I guess all corners of the world means all corners with out any exception and with out any string attached to it.
 
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Last Updated ( Thursday, 18 October 2007 )
 
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