150 Billion Dollars of Potash Found In Eritrea
150 Billion Dollars Worth of Potash Found in Eritrea
June 20, 2011 (ASMARA) – An independent feasibility study conducted in Eritrea's Colluli mine revealed a ground value of $150 billion USD worth of potash.
Colluli mine is licenced for exploration and development by South Boulder Mines. The Australian-based mining company first secured an exploration and development deal with the Government of Eritrea in June of 2009.
The company has indicated it will begin potash production in the Colluli mine by mid-2016 and expects to have very low mining costs, due to its open pit aspect.
Reports show around 1.5 billion tonnes of potash is to be found within Eritrea. When production begins, it will make Eritrea among the world's leading potash exporters and will play noticeable role towards enhancing the economy for decades to come.
Globally, the demand for potash has sharply been increasing. In 2010, 62.3 million tonnes of potash was sold and this figure is estimated to increase to 75.1 million tonnes by 2014.
What is Potash and what is it used for?
Potash is a powdery salt mineral that is rich in potassium. As a result of its high levels of plant nutrients, it is mostly used among the farming industry as a popular agricultural fertilizer. Moreover, the potassium in potash protects crops against pests and diseases and helps plants absorb more nutrients.
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| Drilling Tests for Potash - Photo: South Boulder Mines |
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| South Boulder Mines Drilling Equipment |
150 Billion Dollars of Potash Found In Eritrea
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This is very good news for Eritrea and its people.One thing that must be taken care of is that are we training people that can take the jobb appertunities that is going to created in Eritrea.The rapid devlopment and growth will reqier from the goverment to preper the youth for the chalenges a head.
ReplyDeleteLet Allah bless Eritrea and its People
with the good record against coraption by the government of Eritrea, this should enhance the standard of living of the people greatly for decades to come. mike, Atlanta, USA
ReplyDeletejust to make it clear.$150 billion is a huge sum for such a small country. Production of 10 million tonnes per year means $5 billion in exports per year at today's prices and perhaps more given that commodity prices are on the rise. That by itself is $1000 per capita for a population of 5 million. By comparison, Kenya one of the strongest economies in Africa has exports of about $5 billion (though its population is over 40 million) while Ethiopia had exports of about $1.7 billion (and population of about 85 million).
ReplyDeleteBasic Math
ReplyDelete150 Billion ÷ 6 Million Eritreans = 25,000 USD Per Person
This massive potash mine will accelerate Eritrea's economy even further for a long, long time to come. The average Eritrean citizen will eventually earn a lot more money and put Eritrea's infrastructures development on steroids. God bless Eritrea! Good times are indeed ahead of the Red Sea Warriors!
In deed this is great news for us eritreans and for our friends in bad and good times but we have got enemies who never want to see a peace full and prosprous eritrea so are we ready?to defeat them again and again. This can be done only in my view by putting aside
ReplyDeleteour diffrences and building tolorance among ourselves and by letting each and every eritrean to contribuite towards our common goal in which all eritrean ? can live with equal rights and obligation in the most livable country in the world.. I beleave can be achieved.
may ALLAH BLESS ERITREA.
amen to that my brother!! i could'nt have said it any better. thankyou so much u done it beautifully.
ReplyDeleteThis is a good news. Besides the direct economic imact of the resources, there is a spin off that will increase the economic activities even higher. I see, the Eritrean youth is going to enjoy employment opportunity for many years to come. I guess its time for the youth to be reading and training themselves so they can benefit from the opportunity in the horizon is brighter than anytime in tha past. Time to introduce a Democratic government in the country.
ReplyDeleteEritrea's faith is God decided, it was meant to be. We needed such leader to fight imperialists, and to introduce our region to a new American intervention free era. I'm very happy for living in this era, It'll be such a wonderful thing to experience. Also my compassion goes to all Americans, they have done nothing wrong themselves. But the fall of that impire is also good for them. Finnaly their governement can stay focused on its people's needs, improvement etc. It's good for all, and for the Eritrean people who need a long-sought break from others illwill. To finnaly live a peaceful, harmonious, prosperous, and well derserved and invested life. In memory of our martyrs and our suffering for a life in justice. Hoewever we mustn't forget that when time changes for the better, and it will. We must continue to show a good heart, and a good act of charachter - the birthmark of an Eritrean:)
ReplyDeleteThe Prophesy of the late U.S. Secretary of States Mr. Warren Christopher is being realized in Eritrea as the 'beacon of hope in the Horn of Africa'. Too bad those who followed him in his post could not see what he saw in Eritrea people and leadership in 1993. They are stuck with IGAD slogan “Eritrea the Spoiler” and push for U.N. Sanction against peaceful Eritrea. If they want to accuse Eritrea as ‘Spoiler of the region’, it has spoiled the culture of corruption, begging and constant divisions of African people by their leaders and endless fighting among their citizens based on tribe religion etc.
ReplyDelete^^^ Answer to above Anonym
ReplyDeleteLike all the other organizations, AU, ECOWAS, & IGAD are not independent organizations, they are controlled by outside force. The topic agendas in IGAD or AU come from the US embassy in Addis. Thus, IGAD is US, AU is US, and ECOWAS is US.
You may be right but why victimize and punish the Eritrean people? What benefit will bring to peace loving people anywhere in the world? From what I know several thousands U.S. Service men lived and worked in Eritrea from 1940s to 1970s. Did Eritrean spit on the and shout at them 'Yanki Go Home! or killed the and draged their bodies in the streets of Asmara? Contrary to that Eritrean youth shined their shose and med their beds etc.Why treat them worst than their enemies. U.S. help Somali leaders with millions to buy arms and kill each other! Eritrean asked for fairness from U.S. and it is sad U.S. government can not find an ounce of fairness in their foreign policy. Perhaps we Eritrean should loby those thousands who served at Kagnew station and many who were born there and lived, studied in Eritrea to put across the plight of the Eritrean people. I am sure there are many ignorant officials in the State Department who are singing one song 'Eritrea the Spoiler' and not the becon of hope for Africa as observed by the late Secretary of State Warren Christopher.
ReplyDeleteguys we know the the emerican forign policy all over the world and specially in africa what do you expect..do not expect any good,fairness or justice from american poloticians so my fellow Eritreans lets accept our fate and challenge them and i belive we Eritreans were on the face of earth before them and we will be after they are gone..
ReplyDeleteMAY ALLAH BLESS ERITREA AND ERITREANS...
DO NOT WORRY ERITREA,GOD IS ON OUR SIDE.
ReplyDeleteERITREA NEVER KNEEL DOWN
ReplyDeleteERITREA=HOPE
VIVA ERITREA!! ALWAYS THE BEST, WE LOVE YOU!!!! GO ON, AND SHINE!:):)...
ReplyDeleteCommenting as a non-partisan (British) observer, I fully admire the independent stance the Eritrean people have taken in the face of adversity and vilification from much of the international community (much of it through sheer ignorance, in my humble opinion). I have lived half my life in Africa, the other half in Europe and the Western world, therefore have been able to witness both sides of the coin. From this, I have always known that the West pushes/forces Africa to make decisions which are certainly not in their own best interests, but rather the West's selfish interests. The West's main concern and reason for their ire, is that Eritrea is setting 'a bad example' by proving to the rest of Africa and the third world, what can be achieved through good old fashioned honest hard work, sacrifice and self determination; rather then begging for tiny handouts which come from your very own largely exploited (i.e. stolen) resources! God bless Eritrea and here's to your success!
ReplyDeleteI assure you Kuntaja the eritrean people will never accept the west's
ReplyDeletehandouts as you are aware they are bullying us some times put us on sunctions so that we may kneel down so that they can feed us with their rusty spoons but eritreans only feed themselves with their clean hands.Our hard work is paying off ERITREA is the only country in the horne of africa proudly feeding it self inspite of all trials to make eritrea in the list.
INSHA ALLAH OUR HEAD WILL ALWAYS BE UP....
THANK YOU FOR YOUR KIND, UNDERSTANDING AND BROADMINDNESS. YOU HEAR THESE THINGS SO SELDOM, THAT WE BECOME SO HAPPY TO HEAR THIS FROM NON ERITREAN. THANK YOU!! AND YES WE LOVE ERITREA, AND EVERYONE! GOD BLESS YOU, SWEETY! I LOVE YOU ERI SHIKOR:)
ReplyDeletebrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrup you know wot time it is!!!!!!!!!
ReplyDeleteeritrea 4 life
God bless Eritrea, go ahead never stop by obstacles. God is with us, Eritrea will shine and prosper soon.dogs bark and camel continues its jorney.
ReplyDeleteGod bless Eritrea.
I am so proud to see Eritrea progressing this far, And yet to go higher.
ReplyDeleteEritrea is a blessed country with strong minded nation - never gave up it's dreams.
God bless Eritrea.
I am moving to Eritrea to open a interior design company as people are starting to earn more and more money.
ReplyDeleteOur company is based in Uk - we are looking forward to expand to Angola, South Sudan and Eritrea.(my home land)
i have always wanted to live in Eritrea, my time has come.
God has been so blessing.
Nice job and nice news but I afraid about this government how to addmin this coz of many african country like congo, Angola, Nigeria, we saw whats happen all in those country lebi yehabkum mengsti eritrea ne mergem keykwen ezi xega be gebu tetekmulu yebl
ReplyDelete