MIDROC Gold Receives Safety Nod

Jul 7 , 2024


[ssba-buttons]

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

Construction Sector Faces 'Serious Trouble,' Minister Warns

The construction industry in Ethiopia is in "serious trouble," said Chaltu Sani, Minister of Urban & Infrastructure Development, citing major challenges with finance, competitiveness and material costs. Speaking at the opening of the BIG 5 Construct Ethiopia expo and the inaugural East African Infrastructure & Water Expo at Millennium Hall last week, Chaltu stressed the need for concerted efforts from government, private sector, and international partners to support the 67 billion dol...


Radar

Wegagen Bank, Gift Real Estate Partner to Promote Diaspora Homeownership

Wegagen Bank S.C. and Gift Real Estate Plc. signed a Memorandum of Understanding (MoU) on June 23, to offer housing loans for homebuyers, with a special focus on the Ethiopian diaspora. The agreement enables eligible diaspora members to access loans covering up to 80pc of a home's value at reasonable interest rates. The bank's Deputy CEO Kidane Gebreselassie noted the deal will promote the real estate sector and expand homeownership options. Founder and CEO of Gift Real Estate, Gebreyesus Igata...


Radar

Jimma University Signs Sports Science Agreement to Strengthen National Programmes

Jimma University has signed a four-party Memorandum of Understanding (MoU) with the Ethiopian Academy of Sciences, Derartu Tulu Sports Training & Research Institute, and the Oromia Youth & Sport Bureau to advance Ethiopia's sports science and training capacity. Signed on June 26, the agreement includes joint research, shared facilities, and hosting of national and international competitions. It is expected to strengthen youth development, public health, and national pride through coor...