Conakry, the capital of Guinea is selected to host the headquarters of Africa Union’s specialized agency on minerals development, Africa Mining Development Center (AMDC).
The Ministry of Mines and Energy said it has attracted over 3 billion birr ($106.4 million) investment in the mining sector of the country over the past one year period ended July 7, 2019.
A company named, Al Hilal Gold Mining, is set to inaugurate Ethiopia’s first modern gold detector device assembly in the capital Addis Ababa.
The government of Ethiopia says it has found 18 gold, gemstone and industrial mineral-rich areas across the country during the current fiscal year started July 8,2018.
Arerti Ceramics Manufacturing, a Chinese company incorporated in Ethiopia, has signed agreement with the Ministry of Mines and Petroleum to start mining bentonine mineral in Amhara region of Ethiopia.
The UN Economic Commission for Africa handed over the African Minerals Development Center (AMDC) to the African Union Commission (AUC) following its inception in 2012.
Partly impacted by the revocation of MIDROC Gold license of Etho-Saudi billionaire Al Amoudi, Ethiopia has missed 95% of its mining export target for the first six months of the current fiscal year started July 8, 2018.