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[Oct 2017] Luciano Frattolin Latest Ethiopian News AddisBiz.com | Ethiopian Business Directory & Portal - Addis Biz

Sekota Mining Flourishes with Iron Ore Extraction License

Sekota Mining Plc, a company formed by Luciano Frattolin and Beijing CBRF Technology Group Co. Ltd, secured a 20-year concession period to extract iron ore with an estimated total cost of half a billion dollars.

The agreement was signed by Motuma Mekassa, minister of Mines, Petroleum & Natural Resources (MoMPNR), and Luciano, a major shareholder and CEO of Sekota Mining on August 24, 2017, at the premises of the Ministry, on Asmera Avenue.

Sekota Mining Plc will explore the iron ore on the 242sqm plot of land. The area

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