May 14 , 2022
Artisanal miners from the Gambella Regional State have sold over a tonne of gold to the central bank over the first 10 months of the financial year. Regulators estimate the gold can generate 59.4 million dollars in export revenues. It was sourced from the Dima, Abebo, and Gambella weredas of the western region. Artisanal miners in the area have extracted over 200Kg more than what they managed last year. Close to 4,500tn of gold was exported over the first half of the fiscal year, generating 272 million dollars. The figure is slightly less than gold export revenues from the same period last year. Over 600 million dollars worth of gold was shipped abroad last year. The Oromia Regional State was the largest contributor, with miners there putting out a whopping two tonnes of the precious metal. Benishangul-Gumuz followed close behind, while around 1.5 tonnes of gold was sourced from the conflict-torn Tigray Regional State.
Loading your updates...