HOW"TO"POSITION"ERITREA"ON"THE"MAP?
"!!!!!!!!

ìĈûĈçä.+ÑÓ¿xÊâÁĔ!!!!!!!!!!!!!
!

A"DIALOGUE"WITH"GEOGRAPHERS""AT"KOMAZAWA"UNIVERSITY""TOKYO"JULY"13"2013""·s58ÕÀÅâ.y8ÌÍÒÖ<"d ¼2013B7`13\"
Ambassador!ESTIFANOS!Afeworki!
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!!!!!!

Basic!informa9on!of!Eritrea!
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Welcome!to!Eritrea!
ìĈûĈçhAsmaraCrossroad!of!civiliza9onsLocomo9ve!

Na9onal!sportForest!of!FilﬁlDebre!Bizen

MassawaRed!SeaQohaito

Rock!pain9ng!at!QohaitoKerenNakfaDialogue!!
• What!does!Eritrea!oﬀer!as!a!trade!corridor!between!Africa!and!
the!commercial!centers!of!the!Red!Sea/world?!
»»»ìĈûĈç×çăĈïÒ)gÖLÑ½âo/|ÒÖ­Ö^*EÒÈÐäXÑÃâÁĔ!

• What!is!the!special!signiﬁcance!of!the!3600!kms!coastline?!
»»»3600kmÖo?Ò¾¿wK×äO'ÊâÖÁĔ!!

• What!is!Eritrea’s!coastline!in!terms!of!regional!transport!
references?!
»»»C0Ô¤¡ĈăæĊčøÒ¾¿O'ÑìĈûĈçÖo?Ò×ÔÖÁĔ!

• What!is!so!special!about!the!coastline!of!Eritrea?!
»»»ìĈûĈçÖo?×ÂËãÚÓwÔÖÁĔ!

• What!is!so!special!about!the!hinterland!of!Eritrea?!
»»»ìĈûĈçÖJ.×ÂËãÚÓwÔÖÁĔ!

• What!is!the!major!constraint!now?!
»»»x-ÖÔÒ×ÁĔ!

• Conclusion!reached!by!geographers!on!the!map!
»»».y8ÌÍÕßÎÐ.+ÖÑ¥ÇãÌ!

TRADE!CORRIDOR!
p*E!

COSATAL!LINE!AND!ITS!INFLUENCE!ON!THE!HINTERLAND!
o?ÒJ.ÙÖËÖI²!
Delivering Results2012 Achievements

Exceed production targets✓
Pay 5¢ semi-annual dividends✓

Release increased resource/reserve statement✓
Obtain mining license & mine Harena✓✓Infill drill NW Zone

2013 Objectives
Transition to copper production

Continue peer-leading dividends

Grow resources through development drillingConduct regional generative exploration

New projects, new countries

80-90 Koz Gold | 60-80 Mlbs Copper

21

STRATEGIC!REFERENCE!FRAMEWORK!
P}1re!

WHAT!IS!SO!SPECIAL!ABOUT!ERITREA’S!COASTAL!LINE?!
ìĈûĈçÖo?ÖÂËãÚÓwÔÖÁĔ!

NATURAL!RESOURCES!
6uq!
!

4.0%

0.0%
East Region Operations
Las Cruces
Kamoto JV
Bisha
MutandaTenke Fungurume
Kinsevere
UchalyNkana
Mt IsaKonkolaSepon Copper
Nifty
Gaisky Complex
Guelb Moghrein
Prominent Hill
Grasberg
TintayaZhezkazgan Complex
Frontier
Olympic Dam
Antamina
Ok TediKansanshiSpenceSossego
Collahuasi
Erdenet-Oovo
Bingham Canyon
El Soldado
Phu Kham Copper-Gold
Candelaria
Volkovskoe
Bajo de la Alumbrera
Cerro Colorado
Majdanpek
El Tesoro
Andina Division
Los Pelambres
LumwanaEscondida
Mantoverde
CuajoneBatu Hijau
Quebrada Blanca
Dexing Complex
Zaldivar
Mission Complex
Almalyk Complex
Esperanza
Los Bronces
Chuquicamata
Mantos Blancos
SaffordSalvador Division
Bor Basin
Chino/Cobre
ToquepalaRobinsonAndacollo
Atlas Toledo
El AbraCerro Verde
BagdadRadomiro TomicGaby
La Caridad
Sierrita
Gibraltar
Ray Complex
Buenavista del Cobre
Highland Valley
Lomas BayasAitikMorenci
Pinto Valley Division

THE!HIGHEST!GRADE!OPEN!PIT!MINES!IN!THE!WORLD!

|ÑÞ_¸óĊďüÖ±6Tá©Dº!

Copper Equivalent Grade 1

Bisha vs. Grades from the World’s
Largest Copper Mines

6.0%

5.0%
Bisha

Cu

Source: RBC Capital Markets and Metal Economics GroupCu Eq Other

One of the highest grade open pit mines in the world.

3.0%

2.0%

1.0%

(1) Copper equivalent at spot prices at Nov 1, 2012

13

CLEAN!ENERGY!
òĈďčìþĉñď!

According!to!
Ministry!of!Energy!
and!Mines!of!
Eritrea!a!minimum!
of!14,000MW!of!
wind!power!could!
be!harnessed!

ìþĉñď©>ÕßãØ!
ìĈûĈç×1.4MWÖ!
µä{ÊâÆÒÂÑÃâMINERAL!CONCESSIONS!
©>UTj!

MINERAL!OCCURRENCE!
©vz.0

Average!annual!produc9on!of!Asmara!Project!shall!be:!
çøąćĄċ÷ëòûÕÀÅâA/Bz¦×ē!
»±65!M!lbs.!(29,000!t)!copper»«!
»±184!M!lbs.!(83,000!t)!zinc! ¨!
»±42,000!oz!gold!§!
»±1!M!oz!silver»ª!
!
Experts!from!Nippon!
Mining!revealed!this!
in!early!seven9es!
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\§=fF ĒÂ1970B
×ÉÝÕÆãàä]àÁÕÈ
ÌERITREA!IS!COMMERCIALLY!VALUABLE!PARTNER!
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IDEAL!LOCATION!FOR!EXPORT!ORIENTED!MANUFACTURING!
¡%Å¢gÕÒÎÐÖyNÔċôďöĆč!!

CONSTRAINTS!
!

NOVEMBER!1997:!
TIGRAY/ETHIOPIA!
PUBLISHED!A!NEW!
POLITICAL!MAP!
WHICH!INCLUDED!
SIGNIFICANT!
AREAS!OF!ERITREA!

1997B12`!
úèóćé/ìùîĂç×!
[È¾Zm.+ä!
~ÈÌÂ¼Ëã×]àÁÕ!
ìĈûĈç³Ñ½â.0ä!
&åÑ¾âÞÖÑ½ÎÌ!

INTERNATIONAL!BOUNDRY!BETWEEN!ERITREA!AND!ETHIOPIA!
ìĈûĈçĎìùîĂç­Ö,°Ô,3º!

RAINFALL!MAP!
¯l¦@+!

The!water!shade!of!
Eritrea!claimed!by!
TIGRAY/Ethiopia!
created!signiﬁcant!
unease!!!
úèóćé/ìùîĂç!
ÂHÊâìĈûĈçÖ!
n0Õßá´Ô9Â!
GÃÆÇãÌ

BIRDS!EYE!VIEW!OF!ERITREA!BY!GEOGRAPHERS!1!
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BIRDS!EYE!VIEW!OF!ERITREA!BY!GEOGRAPHERS!2!
.y8ÌÍÕßâìĈûĈç¹+BIRDS!EYE!VIEW!OF!ERITREA!BY!GEOGRAPHERS!3!
.y8ÌÍÕßâìĈûĈç¹+!

ERITREA!MAP!MADE!BY!GEOGRAPHERS!
.y8ÌÍÕßâìĈûĈç.+!

ERITREA’S!PRESENT!&!FUTURE:!
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• Join!eﬀorts!to!maintain!sustainable!peace!and!stability!in!
the!Horn!of!Africa!and!the!region!
!!!!!!çăĈïÖÑÖÔA(äSÊâtÖÕ"!

• Establish!a!mutually!agreed!partnerships!with!friendly!
countries!for!the!transfer!of!knowkhow,!technology!&!FDI!
!!!!!!ÿêĀê¼Q¼VRÖ»»,­®äi!

Öt¼#7,ÒÖ$OÕ1ÏÄ!

• Invest!in!its!popula9on!(6!million)!which!is!open,!honest!
and!hardworking!both!inside!and!abroad!
!!!!!!,4Ö¬YÑ:¼!

Ô600

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• Promote!self!eﬀort!in!na9onal!development!
!!!!!!,;¬~ÕÀÅâÖW£!

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