Eritrea's History of Nationalized MinesWhat happens if Ethiopia tries to regain control of Eritrea or the rebels overtake the Eritrean government? This scenario could be disastrous for Sunridge Gold. Nationalized = Confiscate Economic History: In the early 1950s, when Eritrea was awarded to Ethiopia, it possessed a far more sophisticated urban and industrial infrastructure than Ethiopia. Eritrean critics said industrialization in the years since then focused on other parts of Ethiopia. Ethiopia nationalized Eritrea’s 42 largest factories and systematically dismantled the Eritrean industrial sector during the protracted civil war. Source - https://en.wikipedia.org/wiki/Economy_of_Eritrea