RE: Kefi19 Feb 2026 11:47
Whoever said the potential conflict has only been covered on reddit isn't telling the truth as it's been covered by the likes of Bloomberg, the Economist etc in recent weeks.
However, and as previously mentioned the mine is much further from the northern border with Eritrea, sitting about 1,000 km to the southwest of the main conflict zones associated with the Tigray region. Additionally, to de-risk the $340M investment, the Ethiopian government has deployed a permanent, increased security presence in the West Welega Zone. This was a non-negotiable "condition precedent" required by the banks (AFC and others) before they agreed to release the funds. And as mentioned by another poster, Allied has been bought by Zijin Gold International, a subsidiary of China's Zijin Mining Group which is partly Chinese state owned. Note that China also has also invested massively in Eritrea and Zijin Gold also has a mine there . As a result I'd imagine if conflict does become kinetic it'll be localised chest puffing, with the Chinese pressuring both parties to not ramp things up.