QiqiqiqiqiqiqiqiqiqiqiqiqiqiqiqiqiI am dying here, I am pissing myself to a flood. Oh damn! I need someone to carry me to the pisser room.
Beli wrote:Ethiopia's state owned mining cooperation says it has discovered what would be the country's largest gold deposits worth more than $4 billion.
The Ethiopian National Mining Corporation (NMiC) said the deposits were found in Oromia and Tigray in the central and northern parts of the country where it has be prospecting for gold together with the Ministry of Mines.
"The gold deposit amounted to 550,000 kilograms of gold which at current prices would be worth over US$4 billion and the mine would have a lifespan of 20 years," the corporation said.
The reserves at Werri, in Tigray region, are estimated to be able to provide 18,000 kilogrammes of gold worth about US$792 million.
The NMIC said it was expecting to produce some 6,000 kilogramme of gold from both reserves within the next three years.
"Preliminary assessments conducted by a South African-based consulting firm indicated that National Mining Corporation will need to make total investments of about U$320 million," the corporation added.
"Environmental impact assessments will be carried out in both areas before any mining starts.
"Once production starts in both areas, the NMIC will become the country's largest gold producer,"
The corporation said the Werri area also had 1.9 million kilogrammes reserves of silver, lead (50.4 million kilogrammes) and zinc (42.4 million kilograms).
The estimated lifespan of the mine is nine years. Ethiopia has prioritised exploration of minerals and oil with more than 20 companies involved in mining currently exploring for gold and oil in the eastern parts of the country.
These people have the audacity to claim Ethiopia found a huge gold reserve, Thanks to Elias Kifle
recent interview with ESAT, he exposed hidden information that was completely obscured from everyone; Al Amoudi is transporting the gold dugout in Ethiopia directly from Ethiopia to London via private plane and sell it at the UK international market and deposit part of the TPLF power help share and keep the rest of the money. Also, thanks to the recent discoveries of Ethiopian illicit money transfer by the "Wall Street Journal" where over $11.7 Billion
is leaving Ethiopia, the poorest country in the world.
If anything, this title should have stated Mr. Al Amoudi has $4 Billion dollar buried under Ethiopia,
and all the minerals found in Ethiopia belongs to Al Amoudi and is extracted under the auspices of TPLF-Agazi personal security forces. They also exposed in recent interview, Al-Amoudi is not Ethiopian legally, because Ethiopian law does not allow dual citizenship, hence Al-Amoudi is listed as Saudi Citizen, even in the Forbes Rich list. Sometimes I am amazed how idiot some Ethiopians are for listing such information to make them look even more idiotic than we give them credit for.