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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 Commercial Bank of Ethiopia Headquarters is a skyscraper in Addis Ababa, Ethiopia that was completed on 13 February 2022 and became the tallest building in Ethiopia. It serves as the headquarters of the state-owned Commercial Bank of Ethiopia, the country's largest bank.
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.
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 ...
President Donald Trump's sweeping assertions of executive power during his first weeks back in office appear headed toward U.S. Supreme Court showdowns, but it remains an open question whether or ...
The "passivity" agreement FDIC wants BlackRock to sign is designed to assure bank regulators that the giant money manager will remain a "passive" owner of an FDIC-supervised bank and won’t exert ...
Hendrickson called for a trade last offseason but was ignored by Cincinnati's front office. He responded with an NFL-leading 17 ½ sacks in 2024 for a unit that underwhelmed at almost every other ...
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]