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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]
Derba MIDROC Cement (Amharic: ደርባ ሚድሮክ ሲሚንቶ) is a cement manufacturer in Ethiopia located 70 km north of Addis Ababa, Ethiopia. It was inaugurated in 2012 and approved for operation in 2015.
Derba MIDROC Cement: MIDROC: 2012 [1] Habesha Cement: Habesha Cement S.C. 2008 [2] Lemi National Cement Factory: West China Cement East African Holding Company 2024 [3] [4] Messebo Cement Factory: Endowment Fund for the Rehabilitation of Tigray: 1997 [5] Mugher Cement Enterprise: Ethiopian government: 1984 [6]
MIDROC Technology Group acquired the mine from the Ethiopian government for $172 million in 1997. The mine was initially an open-pit mine and produced gold and silver beginning in 1998, [7] and had a large open tailings pond. [8] MIDROC expanded and converted it into an underground mine. [7]
This page was last edited on 11 January 2025, at 11:22 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
NAIROBI (Reuters) -Ethiopia's foreign minister has warned that ammunition supplied to Somalia could exacerbate conflict and be diverted to terrorists, Ethiopia's state news agency reported on Tuesday.
Between 1998 and 2008 MIDROC extracted 34 metric tons from the Lega Dembi mines, earning 466 million dollars; the new mine at Sakara is expected to bring a revenue of 564 million dollars, of which 130 million will go to the government as taxes and royalties. [2] Coffee is an important cash crop in this woreda; over 5,000 hectares are planted ...
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