Ethiopian News and Opinion Forum


Re: $4 billion worth of gold found in Ethiopia

Postby Red Sea » 10 Jan 2012, 03:00


For what ever worth it, I say good for the people of ethiopia if only they can benefit out of it.
But what is puzzling me is why did it take the TPLF junta over 20 years to find out what ethiopia can offer its people?
Come on now, would any one believe the TPLF junta could have went that road, if it was not of what it sees in the Eritrean mining industry potentials?
Don't get me wrong here now. Again I am very happy for the people of ethiopia. But it seems to me that the TPLF and its supporters still have the Eritrean mind set or I should say wanna be, which was put in their brains during their training in the Eritrean jungles by Isayas and friends.
The copy cat syndrome that is.
Eritreans went to the jungle they ([deleted]) follow.
Eritreans had cultural (music) groups in the field, they ([deleted]) follow.
Eritreans gather and dance on the special occassions of their success in the diaspora they ([deleted]) follow. Mind you they ([deleted]) are ethiopians. But I do not get it, why they act like the independent Eritreans. Why can't they do...their celebrations, gatherings, their musics and dances with their ethiopian brothers and sisters as ethiopians?
Eritrean cities and towns are endowed with natural Palm trees on their boulovards, the [deleted] planted Palm trees in mekele streets.
Now the Gold thing. The Gold was there already. God did not just put it in ethiopia's underground. It is priority thing. It is caring about your people's well being and prosperity. Purchasing 200 used tanks (even new ones), which are going to be rusting sitting idel or being taken away by their enemies if push comes to shove is not smart at all.
Finally let me repeat it again. I am happy for the ethiopians if they are going to share the wealth of the Gold. I mean if the money is going to be used like how it is being used in Eritrea. Like purchasing farm, infrustructure machineries, medical equipments which eventually ease the social services of the citizens. Getting out of begging and being self sufficient that is.
As an Eritrean I am very proud that my country is being an example on how to do things. Do not be shy about it. Praise it. It is all good. We the Eritreans will free the whole black continent sooner or later one nation at a time starting with ethiopia. But you need to take the evil thing on you, if you really want to succeed.

Man what is wrong with me? I mean extracting gold is not like painting a door. It takes a lot of engineering, negotiations with the mining industry companies, extended years to get it. Say....over 5 years if TPLF starts it now. But does TPLF have that much life span or is it saying so, to divert the attention of the ethiopian people? Time will tell.



Re: $4 billion worth of gold found in Ethiopia

Postby Facts » 10 Jan 2012, 10:26


It is almost certain that there is a lot of gold in Tigray and Ethiopia. This is good for the entire region which deserves a break and it also promotes peace and stability. If you have a good job at a gold mine on the border, you generally prefer that there is no border conflict.

However, these announcements are very suspicious. First, the amounts and value doesn't make sense (as pointed out by several people above). Second, because they are not follow ups on any reported drilling. There is no discovery of gold; only discovery of ore that contains gold depending on the grade/concentration and location. It is always suspcious when there is a brief announcement saying "X amount of gold discovered."

The most important reason to suspect this though is the history of Weyane making up economic data. As much as I hate to defend Weyane, the statistics about $3.3 billion of theft from Ethiopia in 2009 was significantly inflated because the Meles government has been making up export data and remittance inflow data. When the money doesn't show up in Ethiopia then the analysts concluded that it must have been stolen. The reality is that while Azeb & Co steal hundreds of millions of dollars annually, they probably didn't steal $3.3 billion in 2009.

You will continue to see Ethiopia at the top of lists of illicit capital outflows in coming years as the government continues to make up data on suddenly growing exports of gold and other products to make people believe exports are rising rapidly. They figured they should set it up by at least announcing a huge gold find but they fumbled the numbers. The IMF in its report on Ethiopian economy wondered where all the planned export growth was going to come from. Weyane's answer is that they just make it up. Just like the kangaroo courts, you can have kangaroo economic data and kangaroo gold finds.


Red Sea wrote:For what ever worth it, I say good for the people of ethiopia if only they can benefit out of it.
But what is puzzling me is why did it take the TPLF junta over 20 years to find out what ethiopia can offer its people?
Come on now, would any one believe the TPLF junta could have went that road, if it was not of what it sees in the Eritrean mining industry potentials?
Don't get me wrong here now. Again I am very happy for the people of ethiopia. But it seems to me that the TPLF and its supporters still have the Eritrean mind set or I should say wanna be, which was put in their brains during their training in the Eritrean jungles by Isayas and friends.
The copy cat syndrome that is.
Eritreans went to the jungle they ([deleted]) follow.
Eritreans had cultural (music) groups in the field, they ([deleted]) follow.
Eritreans gather and dance on the special occassions of their success in the diaspora they ([deleted]) follow. Mind you they ([deleted]) are ethiopians. But I do not get it, why they act like the independent Eritreans. Why can't they do...their celebrations, gatherings, their musics and dances with their ethiopian brothers and sisters as ethiopians?
Eritrean cities and towns are endowed with natural Palm trees on their boulovards, the [deleted] planted Palm trees in mekele streets.
Now the Gold thing. The Gold was there already. God did not just put it in ethiopia's underground. It is priority thing. It is caring about your people's well being and prosperity. Purchasing 200 used tanks (even new ones), which are going to be rusting sitting idel or being taken away by their enemies if push comes to shove is not smart at all.
Finally let me repeat it again. I am happy for the ethiopians if they are going to share the wealth of the Gold. I mean if the money is going to be used like how it is being used in Eritrea. Like purchasing farm, infrustructure machineries, medical equipments which eventually ease the social services of the citizens. Getting out of begging and being self sufficient that is.
As an Eritrean I am very proud that my country is being an example on how to do things. Do not be shy about it. Praise it. It is all good. We the Eritreans will free the whole black continent sooner or later one nation at a time starting with ethiopia. But you need to take the evil thing on you, if you really want to succeed.

Man what is wrong with me? I mean extracting gold is not like painting a door. It takes a lot of engineering, negotiations with the mining industry companies, extended years to get it. Say....over 5 years if TPLF starts it now. But does TPLF have that much life span or is it saying so, to divert the attention of the ethiopian people? Time will tell.



Re: $4 billion worth of gold found in Ethiopia

Postby Castro » 10 Jan 2012, 10:46


If there is this much Gold why is not announced in the National media ? Why is that only Tigrayans are privy to the news ?


- when there is Gold in other parts of Ethiopia, the Gold is mined Commercially and the income to the Government (the Woyane government, to be specific)

- when there is Gold in Tigray, the Gold is mined Traditionally (manually) so that only Tigrayans benefit from it !

When will this day light robbery stops ????



abel qael wrote:weree is only one district in cental Adwa, and the latest gold depo is found there. Am sure you have heard about all the huge bounties of god deposited in the entire northern Adwa, northern Axum, northern shire, Temben, Berahle, and other regions of Tigray. In short, Tigray is completely chokeful in gold and silver and the base metals found along with them, which is prolly worth 100s of billions of Dollars.

Gumames like borther elias and the qedad meakor calling himself misraq aka semere have nada, oromos have something, ancebas have a lill!

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