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Mining in Ethiopia. Microcline from the Kenticha mine, Oromia Region, Ethiopia. Mining is important to the economy of Ethiopia as a diversification from agriculture. Currently, mining comprises only 1% of GDP. Gold, gemstones (diamonds and sapphires), and industrial minerals are important commodities for the country's export-oriented growth ...
36.1%. Ethiopia's economy experienced strong, broad-based growth averaging 9.4% a year from 2010/11 to 2019/20. Ethiopia's real gross domestic product (GDP) growth slowed down to 6.1% in 2019/20 due to the COVID-19 pandemic. [77] Industry, mainly construction, and services accounted for most of the growth.
The Ministry of Mines and Petroleum (Amharic: የማዕድንና ነዳጅ ሚኒስቴር) is the Ethiopian government department responsible for management of mining and petroleum sector in Ethiopia. It was established in 2018 under Proclamation No 1097/2018 and Melese Alemu served as the first Minister of the position. In 2020, Takele Uma ...
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]
Ethiopia 's industrial sectors classified into four basic groups: agriculture, food processing, construction, resources and energy and tourism. Agriculture constitutes over 50% of economic sector in Ethiopia, and the largest dependable economic activity. It includes production of livestock products (milk, egg, meat), beverages, leather and ...
The mine is located in Oromia state, 600 km south of Addis Ababa. It is mined by Ethiopian Minerals, Petroleum and Bio Fuel Corporation, and the products mainly exported to China. [3] Kenticha was mined for tantalum from 1990-2017. [5] Peak production from the mine was 90-95 tons of tantalum concentrate per year, valued at $20 million dollars/year.
Gold mining continues to be an important industry in this woreda, with the announcement 24 November 2009, that MIDROC Gold signed a 10-year agreement with the Ethiopian Ministry of Mines and Energy, for the extraction of almost 20.5 metric tons of gold from the Sakaro fields, three kilometers from the existing Lega Dembi Mines.
Pages in category "Mining in Ethiopia". This category contains only the following page. This list may not reflect recent changes. Mining in Ethiopia. Categories: Mining by country. Industry in Ethiopia. Mining in Africa by country. Geology of Ethiopia.