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State Supplied 1160kg Gold to National Bank of Ethiopia

Gambella Regional State of Ethiopia has supplied over 1160kg pure gold worth over US$50 million to the National Bank of Ethiopia (NBE) during the just ended Ethiopian fiscal year, the regional mines agency said.

The Agency told Ethiopian News Agency that the gold was supplied to the Bank by traditional miners. It said over 90 per cent of the stated amount of gold was supplied from Dimma Woreda.

More than 30,000 citizens are engaged in traditional mining including those organized in associations in the state, according to the Agency.

Source: Ethiopian News Agency