The account of expanding contraband activities in various boarder areas of the country, the  amount of gold produced by artisanal miners in various regional states and being channeled to the National Bank of Ethiopia (NBE) keeps dwindling, The Reporter has learnt.

Abay Industrial Development SC, the company which is spearheading a multi billion birr investments in the Amhara Regional State, is going to venture into the mining sector.

Kefi Minerals Plc, a UK-based gold exploration and Development Company, and its Ethiopian subsidiary Tulu Kapi Gold Mine Share Company Limited, which it owns in partnership with Ethiopian government, are set to start the next phase of the development of its mining concession in October, 2019, The Reporter has learnt.

A Spanish firm, CRAU, has partnered with an Australian mining firm, MEGADO, to prospect for gold ore in Southern Oromia region.

The Ministry of Mines and Petroleum on Thursday launched a new national mining cadastre system that enables it to modernise mining licensing and administration process.  

Kefi Mineral’s Plc, a UK gold exploration and development company, involved in gold mining development project located in West Wellega Zone, Tullu Kepi woreda has been attacked by an armed group, The Reporter has learnt.

The House of People’s Representatives (HPR), on Thursday, approved a draft proclamation regulating the country’s mining sector and transactions empowering regional states with the right to grant and regulate mining and competency licenses.

The Israeli fertilizer giant, Israel Chemicals (ICL), which filed a law suit against the Ethiopian government at the Permanent Court of Arbitration at The Hague in 2017 in connection with a controversial tax claim, recently dropped the charge.

The Ministry of Mines and Petroleum on Wednesday announced that it will release the inquiry report on the alleged environmental pollution caused by the MIDROC Gold Mine in the Lega Dembi locality, Oromia Regional State. 

The Ministry of Mines and Petroleum this week granted eight minerals exploration licenses to seven mining companies.