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Tanarmu Chemical Acquires Bromine Mining License

Jul 11 , 2021

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Tanarmu Chemical Industrial Plc, a Chinese-owned company, has acquired a license to mine for bromine in Afdera, Afar Regional State. Previous surface and subsurface exploration discovered significant bromine deposits in the area. The company is gearing up to extract bromine, a component of fertilisers, pesticides and phramaceutical products, in the form of hydrobromic acid. It plans to export the bromine to China. The Ministry of Mines & Petroleum expects to earn an income of 45 million dollars annually, based on Tanarmu's feasibility study. The Ministry has permitted tax-free privileges for the company's import of machinery and chemicals until the start of production.

Radar

New Directive Hikes Service Fees for Foreign Investors in Free Trade Zones

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Radar

City Tables 350B Br Budget Plan for Upcoming Fiscal Year

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Radar

Ethiopia, UN Launch Joint Plan to Drive Development Through 2030

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