Ethiopia earned $40 million from gold exports

August 7th, 2007 |  |  3 Comments

Ethiopia earned $40 million from the export of gold supplied by traditional small-scale miners during the past 11 months, Ethiopian Mines and Energy Minister said on Monday.

Alemayehu Tegenu told journalists in Addis Ababa that close two tons of gold were supplied by the artisanal miners and shipped to foreign markets.

It was the first time Ethiopia earned such amount of foreign exchange from the export of gold.

"This was achieved due to the technical and material support to make traditional miners engage in legal mining works rather than illegal ones," Tegenu said.

Extensive efforts were launched to organize traditional miners living in every region into associations thereby helping them engage in legal trade, he said.

Source: African Press Agency

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3 Responses to “Ethiopia earned $40 million from gold exports”

1. Doro Manekia says:

   Thanks ER for sharing this news!
   It is a very remarkable one! I am very pleased even the known opposition web sites, somehow recognize the economic change in our country. It is very impressive! Good job guys! According to the African press, though this success was made by trained the traditional miners, and offering them technical and material support from the Ministry. There is no anyplace, in the news this sum was generated from the company affiliated to Shek Alamudi! Any way Kudos to all, who make their contribution for prospering the mining industry!! The Government of Ethiopia should use this money to open additional schools, clinic, to build dams, bridges, roads, and other infrastructures needed for the people in the area. YABERTACHU!!

   August 7th, 2007 at 7:57 AM

2. Nati says:

   Why didn't the respected Minister report the income generated from MIDROC Gold Mining??

   August 7th, 2007 at 8:50 AM

3. Professor Issayas Afeworqi says:

   How much Alamudi earns from the Shakiso and Legedembi Gold mines? what the local miners mined was almost like taking a spoon of water from a big lake.

   August 7th, 2007 at 11:41 AM

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