The economy of Eritrea has undergone extreme changes after the War of Independence. It experienced considerable growth in recent years, indicated by an improvement in gross domestic product in 2011 of 8.7 percent and in 2012 of 7.5% over 2011, and has a total of $8.090 billion as of 2020. However, worker remittances from abroad are estimated to account for 32 percent of gross domestic product.
The Eritrean Railway is the only railway system in Eritrea. It was constructed between 1887 and 1932 during the Italian Eritrea colony and connects the port of Massawa with Asmara. Originally it also connected to Bishia. The line was partly damaged by warfare in subsequent decades, but was rebuilt in the 1990s. Vintage equipment is still used on the line.
Freeport-McMoRan Inc., often called Freeport, is an American mining company based in the Freeport-McMoRan Center, in Phoenix, Arizona. The company is the world's largest producer of molybdenum, is a major copper producer and operates the world's largest gold mine, the Grasberg mine in Papua, Indonesia.
Kinross Gold Corporation is a Canadian-based gold and silver mining company founded in 1993 and headquartered in Toronto, Ontario, Canada. Kinross currently operates six active gold mines, and was ranked fifth of the "10 Top Gold-mining Companies" of 2019 by InvestingNews. The company's mines are located in Brazil, Mauritania, and the United States. It trades under the KGC ticker in the New York Stock Exchange, and under K in the Toronto Stock Exchange.
Asmara Brewery is a brewery in Eritrea, founded in 1938. The brewery was nationalized by the Derg during the Eritrean War of Independence. The brewery operates a football team, which plays in the Eritrean Premier League. The factory has over 600 employees.
China Railway Construction Corporation Limited is a listed construction enterprise based in Beijing, China, that was the second largest construction and engineering company in the world by revenue in 2014.
The mining industry of Botswana has dominated the national economy of Botswana since the 1970s. Diamond has been the leading component of the mineral sector since large-scale diamond production began in 1972 by Debswana. Most of Botswana's diamond production is of gem quality, resulting in the country's position as the world's leading producer of diamond by value. Copper, gold, nickel, coal and soda ash production also has held significant, though smaller, roles in the economy.
China Minmetals Corporation is a Chinese metals and mineral trading company headquartered in Beijing. It is a state-owned corporation under direct supervision of the State-owned Assets Supervision and Administration Commission (SASAC). China Minmetals is engaged in the production and trading of metals and minerals, including copper, aluminum, tungsten, tin, antimony, lead, zinc, and nickel.
Eritrea, officially the State of Eritrea, is a country in the Horn of Africa region of Eastern Africa, with its capital and largest city at Asmara. It is bordered by Ethiopia in the south, Sudan in the west, and Djibouti in the southeast. The northeastern and eastern parts of Eritrea have an extensive coastline along the Red Sea. The nation has a total area of approximately 117,600 km2 (45,406 sq mi), and includes the Dahlak Archipelago and several of the Hanish Islands.
The China State Construction Engineering Corporation (CSCEC) is the largest construction company in the world by revenue and the 8th largest general contractor in terms of overseas sales, as of 2020.
Italian Eritreans are Eritrean-born citizens who are fully or partially of Italian descent, whose ancestors were Italians who emigrated to Eritrea during the Italian diaspora, or Italian-born people in Eritrea.
Mining in Ecuador was slow to develop in comparison to other Latin American countries, in spite of large mineral reserves. As late as 2012, according to the United Nations, Ecuador received less foreign direct investment per person than any other country in Latin America. During the 1980s, mining contributed only 0.7 percent to the Ecuadorian economy and employed around 7,000 people. Minerals were located in regions with little to no access, hindering exploration. Ecuador has reserves of gold, silver, copper, zinc, uranium, lead, sulfur, kaolin and limestone. The latter practically dominated the early industry as it was used in local cement plants.
Franco-Nevada Corporation is a Toronto, Ontario, Canada-based, gold-focused royalty and streaming company with a diversified portfolio of cash-flow producing assets. It is traded on the Toronto Stock Exchange and New York Stock Exchange.
Turquoise Hill Resources was a Canadian mineral exploration and development company headquartered in Montreal, Quebec, and a majority-owned subsidiary of Rio Tinto Group. The company was called Ivanhoe Mines until August 2, 2012 when a financing agreement was completed with Rio Tinto. Rio Tinto acquired full ownership of Turquoise Hill in December 2022.
Italian Eritrea was a colony of the Kingdom of Italy in the territory of present-day Eritrea. The first Italian establishment in the area was the purchase of Assab by the Rubattino Shipping Company in 1869, which came under government control in 1882. Occupation of Massawa in 1885 and the subsequent expansion of territory would gradually engulf the region and in 1889 borders with the Ethiopian Empire were defined in the Treaty of Wuchale. In 1890 the Colony of Eritrea was officially founded.
Chongqing Road Engineering Group is one of the largest individually owned construction groups in the western China region. The company's headquarters is in Yubei District of Chongqing, a provincial-level municipality of the People's Republic of China.
China–Eritrea relations refers to the current and historical relationship between China and Eritrea. Eritrea gained independence from Ethiopia in 1993 and, as of 2007, relations between the two states registered "smooth growth".
Shandong Hi-Speed Group Corporation or Shandong Gaosu Group, (SDHS), is a solely state-owned enterprise in Jinan, China, owned by the Shandong Provincial People's Government. It is mainly engaged in investment, construction and operation of highways, expressways, bridges, railways, rail transits, harbours, shipping and logistics. It also sets foot in construction, building material, information, financing, real estate and other sectors related to its main business. In June 2011, SDHS opened the Jiaozhou Bay Bridge spanning more than 40 kilometers between Qingdao and Huangdao District in Shandong, making it the longest cross-sea bridge in the world.
Shanghai Construction (Group) Corporation (SCG) is a Chinese construction and engineering company, ranked as the 16th largest construction company in the world based on 2011 revenues.
Metallurgical Corporation of China Limited is a listed company in Shanghai and Hong Kong stock exchanges. It is a subsidiary of China Metallurgical Group Corporation (MCC). In the past Baosteel Group was a minority shareholder.
Awarded in 2013 a €93 million contract to build the steelwork for the 1553 meter long Hålogaland Bridge in Norway to be completed in 2017. [3] It was completed in December 2018 after a delay.
6 projects in Eritrea starting from 1996 including the Massawa Municipal Road Works (1996); Asmara Municipal Road Works (2004); Massawa Seawall Road Rehabilitation Project (2005); Asmara Optical Hospital Improvement Project (2011); Eritrean Technology College Improvement & Extension Project (2012); and Eritrean Agriculture College Improvement & Extension Project (2012). [1] [ dead link ] Work had been disrupted by the outbreak of the Eritrean–Ethiopian War but the company continued involvement in the country. [2] [ dead link ]
