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Fanco Mining Share Company is Share Company formed between Eritrean National Mining Corporation (ENAMCO) and ALMUTRF International Group (a Saudi Company). In May 2018, the Eritrean Government granted an exploration licence to FMSC in the Fanco area. The primary target of the company is to explore and define economic gold resource and commence gold production within that license.
One of the board of directors meeting
The agreement was signed by Minister of Energy and Mines, Gen. Sebhat Ephrem and Dr.Hassan Bekheite, a representative of Al-Mutrif Company