Aimed at modernizing the existing market chain, the Ethiopia Commodity Exchange (ECX) announced it would soon join the mining market which includes the trading of gemstones by partnering with the Ministry of Mines and Petroleum to control illegal mining trading activities.
Civic associations based in Ethiopia are poised to form a coalition in a bid to fight misconducts in and around the mining sector.
The Ministry of Mines and Petroleum managed to raise 55.4 million birr from mining and petroleum companies to be used to support the national campaign in combating the COVID-19 pandemic.
The UK gold exploration and development company, KEFI Minerals, has raised an additional investment capital of GBP 3.7 million for the development of the Tulu Kapi gold mine in Western Wollega, in the Oromia Regional State.
GreenComm Technologies LLC Ethiopia is set to construct a GTL (Gas to Liquids) Refinery, worth USD 3.6 Billion, to help Ethiopia take advantage of its natural gas deposit and help it transition into liquid petroleum gas and petrochemicals.