The country’s once vibrant exploration activity plummeted after Chavez came to power in 1999 and nationalized foreign companies’ mining licenses and assets.
Repair work in the fourth quarter slightly impacted production, but that was more than offset by surging vanadium prices as demand for the metal grows.
UNDP says the Colluli potash project has the potential to significantly boost Eritrea’s economy and advance the country’s sustainable development agenda.