Ethiopia earns over US $ 500 million from gold mining – Illinoisnewstoday.com


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14 hours ago

ADDIS Addis Ababa, June 8 (Xinhua) –Ethiopia earned approximately US $ 505 million from the gold mining sector during the first 10 months of the current Ethiopian fiscal year beginning July 8, 2020. is. ) Reported on Tuesday.

East African countries earned about US $ 505 million from exports of 6,785 kg of gold in the first 10 months of the current fiscal year 2020/21, the EBC quoted data from the Ethiopian Ministry of Mines and Petroleum. I reported.

“The mining sector has also created employment opportunities for more than 93,000 citizens,” it is reported.

Ethiopia has already set up several gold trading centers as it seeks to increase revenues from the mining sector while reducing smuggling mining transactions.

East African countries have also launched a large-scale awareness campaign involving all relevant stakeholders to combat smuggling mining activities that have been accused of causing Ethiopia to achieve low mining income in the last few years. Has begun.

Among the large-scale awareness campaigns carried out is the impetus to bring artisan miners into the formal mining market.

Ethiopia earns over US $ 500 million from gold mining

Source link Ethiopia earns over US $ 500 million from gold mining

14 hours ago