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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: 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]
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.
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]
Mohammed Hussein Ali Al Amoudi (Arabic: محمد حسين علي العمودي; born 21 July 1946) [1] is an Ethiopian-born Saudi billionaire businessman.. Born in Ethiopia to a Yemeni father from Hadhramaut and Ethiopian mother from the province of Amhara Region, he migrated to Saudi Arabia with his brother Mauricet and became a Saudi citizen.
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 ...
The construction of Bahir Dar Stadium was started in 2008 by MIDROC Ethiopia. [2] In 2015, the stadium received recognition from CAF and FIFA and hosted its first international matches. [1] In March 2015, the stadium hosted the CAF Confederation Cup match between Dedebit F.C. and Cote d'or of Seychelles.
The Lega Dembi Mine was acquired by MIDROC gold, which between 1998 and 2008 extracted 34 metric tons from the mines, earning 466 million dollars. However, MIDROC has announced in 2009 that the deposits at Lega Dembi are almost exhausted. [2] Shakiso is served by an airport (ICAO code HASK, IATA SKR).