Oromia Mineral Development Authority called investors and associations that are engaged in the mining industry across Oromia to re-register their business between May 17 and 20, 2023. The Authority stated that smuggling and widespread illegal activities in the mining industry had become bottlenecks for the proper management of the industry in the region.
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Ethiopian Electric Utility is working to resolve power outages nationwide. It has allocated a budget of Birr 26 billion to address the problem.
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Wereilu, a Woreda in South Wolo Zone of Amhara Regional State, commenced selling opal from its opal mine production. South Wolo zone occupies the first place among the areas in Amhara Region which are identified as having high mineral resources. It is speculated that the zone is also endowed with other types of mineral resources including oil, opal and coal.
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During the first nine months of the current Ethiopian fiscal year, the country granted investment licenses for 15 foreign and 29 domestic companies that would participate in the development, exploration, and production of minerals.
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British earthmoving construction firm PW Mining and Australian process plant construction company Lycopodium, have signed the Final Umbrella Agreement with Tulu Kapi Gold Mines (TKGM), a gold and copper exploration and development company. The companies need to finalize all arrangements in the community before starting construction and gold production. The two companies have hired British and Australian contractors that specialize in mining.
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