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[Feb 2018] Ethiopian Ministry of Mines (MoM) Latest Ethiopian News | Ethiopian Business Directory & Portal - Addis Biz

New Gold Miners Make 140.6m Br Investment

Two small scale mining companies are seeking gold and silver extraction licences to join the multi-billion Birr sector now dominated by MIDROC Gold.
These companies, Letto and Lozbez, completed their exploration work and submitted their feasibility studies to the Ministry of Mines (MoM) in September.
During the five years of the first Growth and Transformation Plan (GTP I), MIDROC Gold and artisanal miners had mined 26,547g and 43,434g of gold, according to MoM’s GTP I report. The government collects five per cent royalty

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B&C Exploring Aluminum Deposits in Ethiopia

B & C Aluminum Plc., a local company that produces extruded aluminum, is exploring aluminum deposits to develop in joint venture with foreign companies. B & C Aluminum Plc. turned its face to aluminum mining after two years of manufacturing experience of extrusion aluminum. The company is the sole manufacturer of such type of aluminum in Ethiopia. Biruk Haile, owner of the company, said that his company was granted permits from the Ministry of Mines (MoM) to explore aluminum resource locations. “We are in the course of preparation

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