{"id":1902,"date":"2021-09-15T15:28:39","date_gmt":"2021-09-15T15:28:39","guid":{"rendered":"https:\/\/www.africa-press.net\/eritrea\/?p=1902"},"modified":"2021-09-15T15:11:52","modified_gmt":"2021-09-15T15:11:52","slug":"our-greatest-resource-and-most-precious-asset","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/eritrea\/all-news\/our-greatest-resource-and-most-precious-asset","title":{"rendered":"Our Greatest Resource and Most Precious Asset"},"content":{"rendered":"

Africa-Press<\/a> – Eritrea<\/a>. <\/strong><\/span>Over the past several weeks, a number of articles published within different international outlets have helped to bring increased focus and attention upon Eritrea\u2019s Colluli pot\u00adash project. The Colluli project, you may recall, is owned by the Colluli Mining Share Company, which is a 50-50 joint venture between the Eritrean National Mining Company and Danakali, a respected Austra\u00adlian company.<\/p>\n

While the individual articles were each interesting and expressed sev\u00aderal different points, they generally shared a similar, broader message. As a brief summary, the Colluli potash project was described as a \u201cgame-changer\u201d for Eritrea\u2019s de\u00adveloping economy, as it is expected to become one of the world\u2019s most significant and lowest-cost sources of sulphate of potash (SOP), which is considered a \u201cpremium grade\u201d fertilizer. In the years ahead, as the world\u2019s population continues to grow significantly, the demand for food will progressively increase. At the same time, however, the avail\u00adability of arable land is expected to shrink. Fertilizer is a key compo\u00adnent to ensure world food security in the future, and SOP is an impor\u00adtant fertilizer that greatly improves yield and crop quality. Within Er\u00aditrea, SOP is found in abundance, particularly in the Danakil Depres\u00adsion region of Eritrea.<\/p>\n

The Colluli project is steadily moving along. Eritrea\u2019s Ministry of Energy and Mines issued consent for planned financing for the proj\u00adect after all preconditions were met, and the project is expected to be brought into full commercial pro\u00adduction in 2022. Notably, Danakali has reported a 1.1 billion ore reserve with a mine life of almost 200 years. Eritreans stand to benefit greatly for a very long time.<\/p>\n

In addition to being interesting and very informative, however, the different articles raised several points worthy of further consider\u00adation and general discussion. I will briefly touch upon a few.<\/p>\n

Indeed, the Colluli potash project is extremely exciting. It has tremen\u00addous potential and is something that should be a source of considerable pride, happiness, and optimism for the people and the country. The project also underscores that Er\u00aditrea\u2019s prospects for socio-economic growth and sustainable develop\u00adment are truly promising and bright. However, it is important to under\u00adstand the basic fact that natural and mineral resources are not the pro\u00adverbial magic pill or a simple pana\u00adcea for development challenges. In addition to their great potential ben\u00adefits and opportunities, they present many significant risks.<\/p>\n

For instance, heavy reliance on natural resources may lead to the neglect of other sectors (e.g., agri\u00adculture or manufacturing). As well, challenges in the diversification of na\u00adtional income sources can arise, as can the so-called \u201cDutch Disease\u201d. Natural and mineral resources have often been a factor in conflicts, as well. Unfortunately, across Africa and many other parts of the world, examples of the \u201cresource curse\u201d abound. In order to play a positive role and help establish a strong foundation for sustainable develop\u00adment, natural and mineral resources must be managed and exploited sensibly within a well-planned and effectively implemented multidi\u00admensional program.<\/p>\n

Encouragingly, Eritrea\u2019s ap\u00adproach has generally been cautious and pragmatic, with the nation\u2019s natural and mineral resources repre\u00adsenting only one part of the broader development strategy and frame\u00adwork. Importantly, natural resources have allowed the country to accrue vital foreign capital and strength\u00adened the economy through helping to fund vital infrastructure projects or investments in numerous other areas. Professor Abraham Kidane, Economic Advisor at Eritrea\u2019s Min\u00adistry of National Development and Finance, has described how \u201cto fa\u00adcilitate proper exploitation of these resources, the government is invest\u00ading in training programs, construc\u00adtion of roads, port facilities, and other infrastructure appropriate for mining.\u201d<\/p>\n

Furthermore, long ago, the late Ambassador Araya Desta, Eritrea\u2019s then Ambassador to the United Nations (UN) and later representa\u00adtive at the African Union, specified aspects of the Eritrean approach, which largely champion sustain\u00adability, equality, and environmental friendliness, in a statement to the UN Security Council\u2019s Thematic Open Debate on Conflict Preven\u00adtion and Natural Resources on June 19, 2013. Desta noted that \u201c[t]he cardinal principle of Eritrea\u2019s min\u00ading policy [is that]\u2026all mineral re\u00adsources are a public property, and that the conservation and develop\u00adment of these resources must be ensured for Eritrea\u2019s present and future generations.\u201d Furthermore, Eritrea\u2019s National Development Strategy (2012) spells out that Er\u00aditrea \u201c\u2026is aware that [its resources] are non-renewable\u2026and they have the potential of being curses rather than blessings for societies. Focus on the mining sector often leads to ignoring more vital and sustainable sectors.\u201d Additionally, the Director-General of the Department of Mines in the Eritrean Ministry of Energy and Mines, Alem Kibreab, has un\u00adderscored that \u201c\u2026the mining sec\u00adtor must be developed slowly and carefully to prevent\u2026the resources curse.\u201d<\/p>\n

A second important point to con\u00adsider is that in addition to natural and mineral resources, Eritrea has a number of other sectors with great promise. For instance, the travel and tourism industry has incred\u00adible potential to help drive growth, create much-needed jobs, and sup\u00adport socio-economic development. Although Eritrea has enormous potential through its rich natural resources and cultural heritage, pristine beaches and long, beauti\u00adful coastline, warm and hospitable climate, general cleanliness and se\u00adcurity, welcoming people, and con\u00adsiderable archaeological and his\u00adtorical sites, the country is still, for the most part, in the early stages of its development for travel and tour\u00adism. However, considerable efforts are being undertaken to develop this sector. Furthermore, the peace initiatives that have been unfold\u00ading throughout the Horn of Africa in recent years are a significant and positive development. Peace and stability, for obvious reasons, are prerequisites for tourist visitation and should help to make Eritrea a destination of choice for more and more tourists.<\/p>\n

Finally, as has been pointed out on numerous occasions, including by this author, Eritrea\u2019s greatest re\u00adsource and most precious asset, by far, is its people. The human ele\u00adment is what will ensure the country develops and that the future is pros\u00adperous. Notably, every year large investments are made in developing and improving the country\u2019s human capital (e.g., through substantial investments and expenditures on food, health, and education). Long may this continue.<\/p>\n

Eritrea\u2019s independence was not won because it had the largest army or the latest, most advanced weaponry and armaments. It was achieved because the liberation forces had great organization and planning, while its ranks were filled with strongly committed, dedicated, and high-quality men and women\u00adSimilarly, while natural or mineral resources can play a positive role, Eritrea\u2019s growth, development, and future prosperity will be based upon and ensured through an edu\u00adcated, skilled, creative, diligent, and strong-willed population.<\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Eritrea. Over the past several weeks, a number of articles published within different international outlets have helped to bring increased focus and attention upon Eritrea\u2019s Colluli pot\u00adash project. The Colluli project, you may recall, is owned by the Colluli Mining Share Company, which is a 50-50 joint venture between the Eritrean National Mining […]<\/p>\n","protected":false},"author":84,"featured_media":1901,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,6,7,8,16],"tags":[242,243,233],"class_list":["post-1902","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-files","category-head-lines","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-eritrea","tag-eritrea"],"yoast_head":"\nOur Greatest Resource and Most Precious Asset - Eritrea<\/title>\n<meta name=\"description\" content=\"Over the past several weeks, a number of articles published within different international outlets have helped to bring ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/eritrea\/all-news\/our-greatest-resource-and-most-precious-asset\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Our Greatest Resource and Most Precious Asset\" \/>\n<meta property=\"og:description\" content=\"Over the past several weeks, a number of articles published within different international outlets have helped to bring ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/eritrea\/all-news\/our-greatest-resource-and-most-precious-asset\" \/>\n<meta property=\"og:site_name\" content=\"Eritrea\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2021-09-15T15:28:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/eritrea\/sites\/27\/2021\/09\/img-61420d1fdc01d.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"376\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/eritrea\/all-news\/our-greatest-resource-and-most-precious-asset#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/eritrea\/all-news\/our-greatest-resource-and-most-precious-asset\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/eritrea\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Our Greatest Resource and Most Precious Asset\",\"datePublished\":\"2021-09-15T15:28:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/eritrea\/all-news\/our-greatest-resource-and-most-precious-asset\"},\"wordCount\":1138,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/eritrea\/all-news\/our-greatest-resource-and-most-precious-asset#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/eritrea\/sites\/27\/2021\/09\/img-61420d1fdc01d.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Eritrea\",\"Eritrea\"],\"articleSection\":[\"all news\",\"files\",\"head lines\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/eritrea\/all-news\/our-greatest-resource-and-most-precious-asset#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/eritrea\/all-news\/our-greatest-resource-and-most-precious-asset\",\"url\":\"https:\/\/www.africa-press.net\/eritrea\/all-news\/our-greatest-resource-and-most-precious-asset\",\"name\":\"Our Greatest Resource and Most Precious Asset - 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