The National Mining Corporation plc announced that it discovered gold and base metal reserves in Ethiopia. The Ethiopian mineral discoveries were made in Oromia and Tigray regional states. 
The mining corporation estimates that the 550,000 kg gold reserve at Dawa Okote, in Oromia Regional State is worth more than 4 billion US dollars according to Melaku Beza General Manager of National Mining.
The gold reserves discovered at Werri, Tigray Regional State have estimated gold reserves of 18,000 kg expected to be worth 792 million US dollars explained Melaku.
National Mining has completed preparations to begin extracting 80,000kg of gold he said.The mining company has also discovered other minerals including zinc, silver and lead noted Melaku.
The projects are expected to be technically and economically feasible according to a Preliminary Economic Assessment conducted by a foreign firm said Melaku.
Source: Ethiopian News Agency
