Somalina Posted February 16, 2011 Stratex discovers epithermal gold in Djibouti Wednesday, February 09, 2011 by Ian Lyall Stratex International (LON:STI) this morning said it has discovered epithermal gold in the Asal exploration licence area, effectively proving the Afar gold district extends into the Republic of Djibouti. The company has already found epithermal gold across the border in Ethiopia at its Megenta and Mille projects. Initial field-work on the 35-square kilometre Asal licence has defined an epithermal quartz vein float, which is essentially fragments of rock detached from the outcropping mineralisation. The best gold values returned were 2.5 grams, 5.07 grams and 7.8 grams per tonne of the precious metal. Executive director David Hall said: "The discovery of epithermal gold mineralisation at Asal is significant and confirms our belief that the Afar gold district extends into the Republic of Djibouti. “The Asal rift is a structure of intense tectonic activity in the zone of crustal divergence in the Afar and the interplay of rhyolite bimodal volcanism with gold mineralisation here is exciting. “The presence of gold values in a rhyolite dome shows a possible driver for the gold system and the priority now is on detailed mapping and sampling to fully evaluate this exciting new discovery. "Having already discovered epithermal gold mineralisation at our Megenta and Mille prospects in the Afar Region, this confirmed discovery at Asal further substantiates our view that this is an emerging new gold district. “We look forward to more discoveries as our reconnaissance exploration work continues and anticipate commencing the 3,000 metre diamond drill programme at Megenta in the near future." Stratex has an agreement with Thani Ashanti, an AngloGold Ashanti and Thani Investments joint venture company, to fast-track the development of eleven licences collectively known as the Afar Project, located in the Afar Depression of eastern Ethiopia and Djibouti. The Afar Project includes five exploration licences in Ethiopia and six in Djibouti. Thani Ashanti has the option to earn a 51 per cent of the project by spending US$3 million. Quote Share this post Link to post Share on other sites
Dhagax-Tuur Posted February 16, 2011 Punch: "Good luck to them. Hope they stop acting like they're still a French colony though" Counter-punch: "Atleast they don't claim to be the queen's orphans" Lol! Fight! Fight! Fight! Quote Share this post Link to post Share on other sites
N.O.R.F Posted February 16, 2011 ^ Somalina, if the Djiboutawis actually OWN half of the new investments you mentioned then great. Quote Share this post Link to post Share on other sites
Somalina Posted February 16, 2011 @Fight N.O.R.F;695501 wrote: ^ Somalina, if the Djiboutawis actually OWN half of the new investments you mentioned then great. Djiboutawis are just fine, because they live in a recognized country. Quote Share this post Link to post Share on other sites
N.O.R.F Posted February 16, 2011 You know what i'm getting at. Quote Share this post Link to post Share on other sites
Somalina Posted February 16, 2011 lol...I don't understand unrecognized lingo... Yeah, I hear you. Quote Share this post Link to post Share on other sites
London2010 Posted February 17, 2011 The economy is still far too small. Growth of only about $400m in the next 4 years. Which is very pitiful really. http://en.wikipedia.org/wiki/List_of_countries_by_future_GDP_(nominal)_estimates Quote Share this post Link to post Share on other sites
Abu-Salman Posted March 8, 2011 a 40 $ millions investment; 06/03/2011 - The Head of State laid the foundation stone of the future residential city and commercial center of the Somali society Al-Rayan The Head of State laid the foundation stone of the future residential city and commercial center of the Somali society Al-Rayan The President of the Republic has asked this morning the first stone of the future residential city and commercial center of the Somali society Al-Rayan for property development. Besides the Head of State, the event brought together to Gabode two officials, including the First Lady, Kadra Mahamoud, Prime Minister, Mr. Mohamed Dileita Dileita, the Assembly President, Mr Idriss Ali Arnaoud , members of governments, parliamentarians, and an audience of officials from various backgrounds. It is on the former site adjacent to the barracks of the 13th Demi Brigade of the French Foreign Legion (13th DBLE) that the future will be built housing complex and shopping center of Al-Rayan for property development. Al-Rayan is a company based in Djibouti, 16 January 2008 and involved in property development in accordance with Islamic Sharia. The founders of this company are of Somali businessmen who are members of the forum of business''and Somali Business Investment Council,''which has its headquarters in Djibouti. Sheikh Ahmed Ali Djimaleh, Chairman of the Board of Directors''and Somali Business Investment Council was''in a brief speech on this occasion highlighted the reasons why the Board of Somali businessmen coming s install in Djibouti. The Sheikh said in the sense that apart from its attractive investment code, he considered his second home Djibouti. Sheikh Issa Wardhere Ali, Chairman of the Board of Directors of Al-Rayan, for its part indicated that the Al-Rayan for property development in Djibouti intended to implement many ambitious projects. Taking his turn to speak, the President of the Republic, in a brief speech on the occasion, stressed the spirit of privileged partnership, which motivates the activities of Al-Rayan, evidence that many men Somali businessmen are now able to invest in Djibouti, contributing to its development. President Guelleh moreover called on them to support the efforts of the Government of Djibouti in the context of combating poverty. In other words, the Head of State urged the upcoming special support to orphans and the poorest populations who are vulnerable as many layers. After the ceremony, the President of the Republic has unveiled the inaugural plaque of the project, giving the kickoff to the construction of what would become short-term future residential city and commercial center of society Somali Al-Rayan. Arteh [source: ADI | Viewed 151 times | Top] ( translated from adi.dj) Quote Share this post Link to post Share on other sites
Xaaji Xunjuf Posted March 8, 2011 Well done Djibouti i like that place eventhough its to hot during the summer but still feel at home xeebta jabuuti Quote Share this post Link to post Share on other sites
Somalina Posted May 8, 2011 Djibouti Leader to Focus on Skills Development in Third Term Bloomberg Sunday, May 08, 2011 Djiboutian President Ismail Guelleh pledged to focus on developing workers’ skills during what he said will be his final term, aiming to transform one of Africa’s smallest countries into a Red Sea hub. “We will opt for targeted training, tailored for the real needs of our economy both nationally and regionally,” Guelleh said in a speech today at his inauguration in the capital, Djibouti. “Our aim is to eventually make Djibouti a regional business platform, combining logistics, industry and finance.” Djibouti, host to the only U.S. military base in Africa, has a $982 million economy with fewer than a million people that relies on services related to its strategic location on the Red Sea, one of the world’s busiest shipping lanes, according to the U.S. State Department. The nation’s port provides the only access to the sea for neighboring Ethiopia, Africa’s second-most populous nation. Djibouti’s economy has grown an average of 5 percent annually over the past five years, the International Monetary Fund says. The expansion has been spurred by projects including a new container terminal, built by DP World Ltd. (DPW) and the government, and Nakheel PJSC’s construction of a five-star hotel that boosted tourism. Growth is expected to be 4.8 percent this year and 5.7 percent in 2012, according to the IMF’s website. Economic Strategy Reorganization of Djibouti’s education system will be combined with an economic strategy that will “develop new unexploited areas such as small industries and the maritime economy,” Guelleh said, without providing details. Guelleh has led Djibouti since 1999. He succeeded his uncle Hassan Gouled Aptidon, who was the country’s first president after it gained independence from France in 1977. In March 2010, Guelleh amended the constitution to allow him to extend his rule by two more six-year terms. In April, Guelleh won 81 percent of the vote in a presidential election boycotted by opposition parties. Mohamed Warsama Ragueh, the only other candidate, obtained 19 percent. An international team of observers that included officials from the African Union and the League of Arab States declared the vote “free and democratic.” The 63-year-old leader said he was taking his oath of office today for the “third and final time.” Among dignitaries at his inauguration was Sudanese President Umar al-Bashir, who has been indicted by the International Criminal Court for war crimes in Darfur. Ethiopian Prime Minister Meles Zenawi and Somali President Sheikh Sharif Sheikh Ahmed also attended the ceremony. To contact the reporter on this story: Paul Richardson in Djibouti at pmrichardson@bloomberg.net. Quote Share this post Link to post Share on other sites
London2010 Posted May 9, 2011 Regional hub. What nonsense. It is a cesspit of poverty stricken salafists, endemic corruption, bordellos and a CIA black site. Go and leave the comfortable home you have in the west in a Christian land with tolerance and move. Quote Share this post Link to post Share on other sites
Somalina Posted May 9, 2011 Weeeeeeeeeeeeeeeh Quote Share this post Link to post Share on other sites
G.O.E.T.I.A Posted May 10, 2011 Somalina;695437 wrote: Atleast they don't claim to be the queen's orphans. Quote Share this post Link to post Share on other sites
Xaaji Xunjuf Posted July 16, 2011 Mashallah iog is doing great stuff with Djibouti Quote Share this post Link to post Share on other sites
