About The Assets
EGME owns and operates four iron ore mines in Eritrea. The Agameda and Gedem mines contain total resource and reserves of 75-100 million metric tons of 60-64% quality Fe. Both mines are well located, lying close to the capital city, Asmara, and the port of Missawa, which provides an effective export facility. EGME is currently conducting deeper exploration on both licenses and is expecting to complete a detailed reserves estimate and feasibility report by 2016.
Defere and Tereshi lie just north of the capital. Located only 18km and 27km respectively from Asmara, along the road to Karen, they are well positioned both operationally and strategically.