40 tonnes of gold discovered in Ethiopia
ADDIS ABABA — Ethiopia’s Ministry of Mines on Tuesday announced the discovery of a mine containing more than 40 tonnes of gold deposit worth 1.7 billion dollars (1.1 billion euros).
The state-run Ethiopian News Agency reported that the new find, announced by the ministry of mines and energy, will require some 200 million dollars to extract and process.
“Geological survey indicates that… an estimated 500 tonnes of gold deposit is found in the country,” the agency said, providing a figure for the whole of Ethiopia.
Some 44 companies are engaged in gold exploration, earning Ethiopia about 105 million dollars in export every year.
why export so much gold. why not save and use gold to increase the value of ethiopian curreny.
ethiopian american
11 Nov 09 at 6:05 pm
With all that said i am sure there’s some spineless Ethiopian leader who will sellout his people by allowing Americans, Europeans, Arabs, or Chinese to exploit those metals, minerals, and other resources.
Blacks/Africans suffer b/c we can’t galvanize our political might behind authentic leaders who aren’t yes-men for outsiders.
Oh Please
12 Nov 09 at 5:11 pm