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The mining stakes in Ethiopia are held by: The Ethiopian Mineral Development Share Company, a Government organization (EMDSC) (an amalgamation of earlier four Government enterprises) established in 2000 is engaged in all mining activities in the country; the Ezana Mining Development, functioning since 1993, a privately owned Ethiopian ...
MIDROC Ethiopia was established in 1994. In 2011 it made a profit of 1.3bn birr (US$70m). [4]MIDROC has major gold mining interests in Ethiopia [5] [6] and it is reported that MIDROC Gold Mine (a subsidiary of MIDROC Ethiopia) has paid the Ethiopian Government 100.1 million birr in royalties, the largest contribution of any mining company. [7]
At this time, a garrison of 900 soldiers provided security for the mine; displaced locals were killed or tortured for artisanal mining in the area or for collecting coffee near the mine. [6] The mine was privatised in 1997, and as of 2011 is owned by MIDROC, a company owned by Ethiopian-Saudi billionaire Mohammed Hussein Al Amoudi. MIDROC is ...
The Ministry of Mines and Petroleum (Amharic: የማዕድንና ነዳጅ ሚኒስቴር) is the Ethiopian government department responsible for management of mining and petroleum sector in Ethiopia. It was established in 2018 under Proclamation No 1097/2018 and Melese Alemu served as the first Minister of the position.
It is mined by Ethiopian Minerals, Petroleum and Bio Fuel Corporation, and the products mainly exported to China. [3] Kenticha was mined for tantalum from 1990-2017. [5] Peak production from the mine was 90-95 tons of tantalum concentrate per year, valued at $20 million dollars/year. [3]
Mining in Ethiopia This page was last edited on 27 April 2020, at 21:42 (UTC). Text is available under the Creative Commons Attribution-ShareAlike 4.0 ...
This is a list of government-owned companies of Ethiopia. A Government-owned corporation is a legal entity that undertakes commercial activities on behalf of an owner government . There is no standard definition of a government-owned corporation (GOC) or state-owned enterprise (SOE), although the two terms can be used interchangeably.
In East Africa, over 95% of cross-border trade is through unofficial channels and the unofficial trade of live cattle, camels, sheep and goats from Ethiopia sold to Somalia, Kenya and Djibouti generates an estimated total value of between US$250 and US$300 million annually (100 times more than the official figure). [86]