MIDROC Gold Receives Safety Nod

Jul 7 , 2024


MIDROC Gold, the largest industrial gold miner in Ethiopia, received certification from the Ethiopian Conformity Assessment Enterprise for its environmental protection and occupational safety standards. The certification ceremony took place last week at the Sheraton Addis Hotel on Taitu St. Jemal Ahmed, CEO of MIDROC Investment Group, the conglomerate that owns the mining cluster, stated that the recognition would dispel longstanding rumours about safety protocols at its Legedembi and Sakaro extraction sites. These sites include both open and underground pits. The Legedembi open pit site, located nearly 500Km south of Addis Abeba in Oromia Regional State, temporarily suspended operations in 2018 following protests over pollution and health impacts. Despite this, the CEO said the company has adhered to safety standards since it began operations nearly three decades ago after acquiring the rights through privatization in 1997. Earlier this year, MIDROC Gold became a signatory of the International Cyanide Management Institute (ICMI), committing to standards of practice and verification audits conducted by independent third-party auditors within three years of initial application and every three years thereafter. Ethiopia's gold production has been challenged by the rise in contraband and artisanal mining, with MIDROC Gold being the only operational industrial mining company, contributing significantly to the country's gold exports.


Radar

Coffee Exports Bring in $1.5B in Third Quarter

Ethiopia has earned 1.5 billion dollars from coffee exports over the nine months of the fiscal year. The country had set a target to earn a little over a billion dollars by exporting 201,959tns of coffee during the same period. According to Adugna Debella (PhD), director general of the Ethiopian Coffee & Tea Authority, the export strategy continues to focus on major international markets, with the top 10 destinations, including Saudi Arabia, Germany, and the United States (SU), accounting...


Radar

Central Bank Holds Fourth Exchange Auction

The National Bank of Ethiopia(NBE) sold one dollar for 131.4961 birr in its recent auction. It was reported that 26 banks participated in this auction, which took place last week on Thursday. In a statement issued by the National Bank  following the auction, it was indicated that 70 million dollars was offered for the event. Subsequently, it was reported that 96 pc of the foreign exchange needs of the participating banks were met. In the previous auction, held 15 days ago, the bank had of...


Radar

City Registers 64,075 Births in Fiscal Year

The city has exceeded its birth registration target for the first nine months of the fiscal year, registering 64,075 children—71.15pc more than the set goal of 58,342. This success, with a registration coverage rate of 109.63pc, is largely attributed to the efficiency of the one-centre birth registration service system, which has been rolled out across health centres and courts. The total number of vital events registered, including births, adoptions, marriages, divorces, and deaths, reache...