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Chalice Gold Mines' (ASX: CHN/TSX: CXN) sale of the Zara gold project for a combined $114 million in Eritrea is good news for Chalice shareholders as well as for ...

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05/04/2018  Zara Mining Share Company explores and develops gold mines. The company owns and operates a gold mining property under the name Koka Gold Mine in Eritrea.

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In April 2012 Australia-based Chalice gold announced plans to sell its stake in Eritrea’s Zara gold mining project to Shanghai-based China SFECO Group. Chalice CEO ...

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By Proactive Investors,. Chalice Gold Mines (ASX:CHN)(TSX:CXN) has moved closer to development of its Koka Gold Mine at the Zara Project after executing an agreement with the Government of the State of Eritrea. Chalice’s 60 per cent-owned Eritrean joint venture company, Zara Mining Share Company (ZSMC), struck the deal with Eritrea

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Eritrea’s second modern commercial gold mine going operational By TesfaNews, The Koka gold mining project, located within the Zara project area in Eritrea and operated by Zara Mining Share Company (ZMSC), have started commercial production of gold. ZMSC, a joint venture company established between China SFECO Group (60%) and the Eritrean National Mining

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Chalice Gold Mines (ASX: CHN; TSX: CXN) is a step closer to selling its 60 per cent interest in the Zara Gold Project in Eritrea to China SFECO Group. SFECO has agreed to acquire Chalice’s 60 per cent interest in the Zara Project for US$78 million in cash plus a deferred payment of US$2 million.

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Chalice completes Zara sale - Mining Weekly

Gold miner Chalice Gold Mines has completed the sale of its Zara gold project, in Eritrea, to China SFECO Group for $78-million. Chalice would also receive a deferred payment of $2-million on the start of commercial production at the Koka gold mine.

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Chalice Gold: Regional Exploration Program Ramps Up at Zara

PERTH, WESTERN AUSTRALIA-- - Chalice Gold Mines Limited today announced it is ramping up regional exploration at its Zara Gold Project in Eritrea, East Africa, with a focus on identifying new prospects to increase resources in the vicinity of its flagship Koka Gold Deposit, which hosts an indicated Mineral

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Eritrea and Zara Mining Company Conclude Agreement

Eritrea Mining Zara. Asmara, 1 November 2011- The Eritrean government and Zara Mining Company today signed agreement at Denden Hall here in the capital.

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