Nevsun Resources LTD. is reporting a loss of US$5.7 million for the financial year 2008. Compared to the previous year the loss has been reduced by US$6.3 million from US$ 12 million in 2007.

Nevsun has a joint venture with the government of Eritrea to explore gold, copper and zinc under a project called Bisha, which is estimated to contain 27 million tonnes of ore consisting out of 1 million ounces of gold, 800 million lb of copper as well as 1 billion lb of zinc.

The project has so far raised US$250 million for mining infrastructure from the Eritrean government, which holds a 40% stake and Nevsun Resources, which holds a 60% of the shares.

Bisha has not laid out, when it is expecting to turnover the business and make a profit. Nevsun Recourses is listed on the Tokyo Stock Exchange under the Symbol NSU. Information about the financial result can be obtained from: Annual Report Nevsun Resources

The Israeli Air Force launched a missile strike on weapon smugglers last January within Sudan. The smugglers were on the route through the desert in order to supply Hamas with weapons in a convoy of 23 trucks, when an Israeli jet fighter accompanied by unmanned drones struck the convoy. It is said that the weapons originated in Iran and arrived in Port Sudan with the final destination Gaza. read more:

Have you ever wondered about Eritrean Food and how it appeals to other people than Eritreans? read more:

Amman, Jordan: Eritrea’s Zersenay Tadese makes third place at the IAAF World Cross Country Championship in Amman. The last time Tadese won the championship was in 2007. read more:

Eritrea is quiet a hidden spot for travel in Africa and underestimated in its tourism potential. The country offers many facets of geographical and cultural aspects. From the impressive Italian style art deco capital Asmara in the highlands to the oriental read sea town of Massawa on the read sea. Recently, in the Articlesbase Online travel section a visitor explains what to do in Eritrea for holiday. The country is populated by 13 different ethnic groups, which give Eritrea a unique touch of richness in diverstiy. Efforts have been stepped up to promote Eritrea as a tourism destination by the

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Eritrean government in order to earn mostly needed hard currency. Since a few years Eritrea is represented at the International Tourism Fair in Berlin ITB as reported earlier by capitaleritrea. However, the development of a tourism industry is hampered by the ongoing conflict with neighboring Ethiopia and the risk of new wars erupting between both countries. Moreover, the region has been in recent years in bad publicity, due to instability and war in Somalia, Darfur in Sudan, and the military presence of western nations in Djibouti. Eritrea will therefore most probably remain a hidden spot known only to the Eritrean Diaspora and their friends.

A member of an armed organisation in Somalia was sentenced to pay 100 female camels worth $45000 US Dollars for murdering a senior aid worker. The family of the victim choose the compensation of 100 female camels over a death penalty for the murderer. The sentence was spoken in a rural area with hard line Islamic laws. read more: