chalice gold to sell zara gold project in eritrea
Chalice completes sale of Zara Gold Project in Eritrea to China .PERTH, Western Australia, Sept. 4, 2012 /CNW/ - Chalice Gold Mines Limited (ASX: CHN; TSX: CXN) is is pleased to announce that it has today completed the sale of the Zara Gold Project in Eritrea to China SFECO Group for US$78 million plus a deferred payment of US$2 million upon commencement of commercial.chalice gold to sell zara gold project in eritrea,Eritrea: Company starts production of gold for sale : Nordic Africa .Jan 24, 2016 . ZMSC, a joint venture company established between China SFECO Group (60%) and the Eritrean National Mining Corporation ENAMCO (40%), have already sent its first gold pour to China worth millions of dollars. Chalice Gold Mines (ASX:CHN TSX:CXN), which sold Zara Gold Project to China SFECO.Chinese Company Acquired Chalice's 60% Stake in EritreaDec 27, 2011 . Chalice Gold Mines (ASX: CHN; TSX: CXN) announces that it has entered into a conditional shortform agreement (the “Agreement”) to sell its remaining 60 per cent stake in the Zara Project in Eritrea to China SFECO Group (SFECO), a subsidiary of Shanghai Construction Group Co. Ltd. This follows the.