un security council - bans on eritrea mining?

UN Security Council considers Eritrea mining export and foreign investment bans.

For those so inclined, you may get the chance to purchase Chalice (ASX:CHN) shares at reduced prices, in the immediate future.

This may present a good opportunity for some.

These international political issues highlight some of the potential sovereign risks when investing in some African states.

Let us see how this plays out in the weeks and months ahead.

Investors should request a detailed response from Chalice management, with regard to these issues.

Be aware though, that management will probably try to gloss over the issues (it is their business), so it may be much harder to get at the real truth.

Requesting information from NevSun and South Boulder will probably also be unproductive.

I expect that only the upcoming vote in the UN Security Council will actually provide some real truth.

Whichever way it goes at Tuesday's UN vote, this is going to be a long and protracted international issue.

It is obvious now that Eritrea's enemies (of which there are many, and which include nearly all their neighbours), are now targeting the Eritrean mining industry, and particularly gold mining, probably in an attempt to weaken and bring down the Eritrean economy and dictatorship.

The long fight has just begun.

Gabon, and Somalia, and Ethopia are marshalling their forces against the Eritrean regime.

UN Security Council consider Eritrea mining ban

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