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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]
The Lega Dembi Mine is the largest gold mine in Ethiopia and is near Shakiso in Oromia Region. [1] [2] Lega Dembi has a yearly production of around 4,500 kg of gold and silver, and is owned by MIDROC. [3] Pollution from the mine has resulted in environmental conflict that has exacerbated other political and ethnic conflict in the region ...
Gold mining continues to be an important industry in this woreda, with the announcement 24 November 2009, that MIDROC Gold signed a 10-year agreement with the Ethiopian Ministry of Mines and Energy, for the extraction of almost 20.5 metric tons of gold from the Sakaro fields, three kilometers from the existing Lega Dembi Mines.
Shakiso is a town in Oromia Region, Ethiopia. Located in the Guji Zone of the Oromia Region , this town has a latitude and longitude of 5°45′N 38°55′E / 5.750°N 38.917°E / 5.750; 38.917 and an elevation of 1758 meters above sea
Midroc Gold is Ethiopia's sole gold exporter. Its Lega Dembi Mine has a yearly average production of around 4,500 kg of gold and silver. [16] He owns 70% of National Oil Ethiopia, which competes with YBF, TAF OIL and five other companies in the national petrol market [17] and is establishing a steel plant (Tossa) in Amhara. This latter is ...
More and more gold mines are being located, such as in the Afar region and in the Konso woreda in south western Ethiopia. [8] On 30 August 2012 it was announced that British firm Nyota Minerals was about to become the first foreign company to receive a mining licence to extract gold from an estimated resource of 52 tonnes in western Ethiopia. [9]
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