Ministry Grants Mining Concessions to Six Firms


Ministry Grants Mining Concessions to Six Firms

The Ministry of Mines & Petroleum has granted mining concessions to six firms. The companies, which are looking to extract gold, marble, bromine and chlorine, have already completed exploration and the concessions were granted following a nod of approval from the Council of Ministers last week. Takele Uma, minister of Mines & Petroleum, inked the agreement with executives of the companies on September 30, 2021. Kurkuk Goldmine Plc, a firm registered in the British Virgin Islands, has obtained a concession to mine for gold on 1,000ht in Benishangul-Gumuz Regional State with an initial investment capital of 391 million dollars. It is expected to produce over six tonnes of gold annually. Oromia Mining S.C., a domestic firm, will be extracting gold on 510ht of land in Guji Zone, Oromia Regional State. The company has an initial capital of 147 million Br and aims to extract 84.5Kg of gold annually. Two India-based companies, Kripto Mining & Chemicals Plc and Bhumi Mining Plc, have also received permits to extract marble from Benishangul-Gumuz.


Radar

Speeding in the Spotlight as New Safety Drive Begins

The Road Safety and Insurance Fund Service has stated that drivers are responsible for 68 percent of traffic accidents in Ethiopia, with the remainder mainly caused by pedestrians and road conditions. On this topic, the service launched a one-month mass media campaign on Wednesday focused on raising awareness about speeding, the leading cause of traffic accidents. The campaign, under the motto "Slow Down, Speeding Ruins Lives," plans to shed light on the dangers of speeding. Yohannes Lemma, E...


Radar

Askari Metals Secures Five Gold Licences in Ethiopias Untapped Adola Belt

Askari Metals has acquired 100pc of Rift Valley Metals, gaining five gold exploration licences covering 460sqkm in Ethiopia's Adola Greenstone Belt, part of the southern Arabian-Nubian Shield, a mineral-rich but underexplored region. "The exploration areas—Sakaro, Sakaro West, Lega Dembi South, Megado, and Wayu Boda—lie near Ethiopia's top gold mines, including Lega Dembi and Sakaro, which have produced over three million ounces of gold. The area is known for orogenic gold systems hosted...


Radar

COMFWB Trade Fair to Spotlight Gender-Inclusive Investment

The 6th COMESA Federation of Women in Business (COMFWB) Regional Trade Fair, Business Conference, and Gala Dinner will be held from May 7–9, 2025, in Addis Abeba, as part of COMESA Week. Organised by the Common Market for Eastern and Southern Africa (COMESA) and COMFWB, the event is themed “A Thriving COMESA Advancing Gender-Responsive Regional Integration for Unlocking Green Investments, Value Chains, Tourism and Mining in the African Continental Free Trade Area (AfCFTA).” The event pl...