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.

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.