Sep 022016
 
By Patrick Scott, London Mining Network, 2 September 2016

The US banking giant JPMorgan Chase has recently announced that it has taken a 9.12% holding in the Australian mining company Danakali. On its company website Danakali describes its main focus as the Colluli Potash Project in Eritrea which it owns jointly with the Eritrean National Mining Company. JPMorgan though is no stranger to mining in Eritrea – it already has a financial interest in the Canadian mining company Nevsun Resources who have a 60% interest in the Bisha copper and zinc mine in Eritrea. Continue reading »