Economics

Mining Companies Face Ban in Eritrea Under Drafted UN Sanctions

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Eritrea faces tougher United Nations sanctions that would ban companies from investing in the African country’s mineral resources such as gold.

“All states shall prohibit investment” in Eritrea’s mining industry and “prohibit the import of gold and other raw materials” from Eritrea, according to a copy of a draft resolution introduced by Gabon, one of three African nations on the UN Security Council.