South Boulder is a speculative investment.
It may not be for the faint of heart. Its potash deposit is still in its infancy. And it?s five or six years until production. It?s also based in one of the riskier parts of Africa, Eritrea: a country that still disputes its border with Ethiopia.
Department of Foreign Affairs and Trade
This Advice is current for Wednesday, 30 March 2011.
Summary
We advise you to reconsider your need to travel to Eritrea at this time due to the dangerous security situation, the threat of terrorist attack against Western interests and the risk of sudden instability and violence. Conflict in neighbouring countries could spill over into Eritrea.
If you do decide to travel to Eritrea, you should exercise extreme caution. You should avoid all demonstrations and protests as they may turn violent and closely monitor media for information on events and developments that may affect your security and safety.
We strongly advise you not to travel to the regions bordering Ethiopia, including the town of Barentu. Tension remains high along Eritrea's closed border with Ethiopia and could escalate further at any time.
We strongly advise you not to travel to the regions bordering Sudan, including the town of Teseney, because of the dangerous security situation.
We strongly advise you not to travel to the border with Djibouti, including the port of Assab, because of the risk of military conflict.
All foreign nationals must obtain permits to travel out of the capital, Asmara. See Local Travel for more information. If you do travel outside of Asmara and encounter difficulties, the ability of the Australian Government to provide consular services, including emergency assistance, may be limited.
Australia does not have an Embassy or Consulate in Eritrea. The Australian Embassy in Cairo provides consular assistance to Australians in Eritrea. The Eritrean authorities have not always informed the relevant embassy when a foreigner needs consular assistance.
Given the dangerous security situation in Eritrea, we strongly recommend that you register your travel and contact details, so we can contact you in an emergency.
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