Al Amoudi plans to produce $1.6 billion worth of gold

Source: ENA

Al Amoudi’s company, MIDROC-Ethiopia (one the Woyanne vampire corporations that are sucking the blood of Ethiopians), announces plan to tap over 70 tons of gold valued at 1.6 billion USD (yes, BILLION) until 2020, its Chief Executive Officer said.

In a press statement he gave here on Tuesday, Dr. Arega Yirdaw said his company would produce the stated volume of gold from four gold mining sites localities including Legedenbi

MIDROC Ethiopia (that is fueling the Woyanne killing machine) has been producing about 3.5 tons of gold annually on average until recently from an area called Legedenbi, he said.

He further said the company planned to increase its gold production after the discovery of gold reserve in other areas that would enable it to tap a volume ranging from 4.76 tons to 6.52 tons annually.

MIDROC Ethiopia is committed to achieve its goal under its theme “Vision 2020”, Dr. Arega said.

He said the company has purchased 20 million USD well drilling machine and a loader with an intention of building its capacity.

MIDROC Ethiopia bought the Legedenbi Gold Mining Site with 172 million USD from the government in 1997.