Energy and Mining

Artisan Gold Production Lower than Projections

Gold produced by traditional artisan gold miners in Ethiopia has been below projection for the last two quarters according to sources.

A estimated 2 thousand traditional miners in the five gold producing regions of the country have only been able to supply 4,325 kilograms of gold to the National Bank of Ethiopia so far this fiscal year said the sources.

The amount supplied is 34.4 percent lower than what had been anticipated it was noted. The production rate is however still higher than the 3,809 kilograms that was produced by artisan miners in the previous financial year. Add a comment Add a comment

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Tullow Oil Drilling in Ethiopia

Tullow Oil has begun drilling work on its concession in South Omo, Ethiopia. The British oil exploration is drilling its first well following eighteen month long seismic tests an area over 18 thousand kilometers square. The company began drilling last week on the bloc named after a local bird ‘Sabisa’.

The explorer has hired a drilling company, and all the drilling machines and other required machines have arrived at the drilling location according to sources.

It is to be remembered that the Ethiopian Ministry of Mines announced that it was in the process of facilitating visas for a Tullow drilling crew that will oversee the launch of drilling processes in October. Add a comment Add a comment

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Ezana Mining to Launch Gold Project in Ethiopia

Ezana Mining Development is set to launch a large scale gold mining project in Tigray Regional State, Northern Ethiopia. The mining development company signed an agreement with the Ethiopian Ministry of Mines late last week.

The agreement signed between Sinkenesh Ejigu, Minister for Mines and Ataklit Araya, General Manager of the mining company will enable Ezana to launch large scale gold mining activities. It was noted at the time that Ezana has already been operating gold prospecting activities in the area with significant results.

The mining company plans to invest 393.7 million birr to implement its project with plans to mine 2017 kilograms of gold in the next two years. The project is expected to open employment opportunities for more than 106 people it was said.

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Alecto Minerals Delivers Updates

Alecto Minerals announced that its project in Ethiopia is progressing well, earlier this week. The Wayu Boda project in the Adola Greenstone Belt located in Southern Ethiopia, was said to have returned a report of 47.4 grams of gold per ton, based on rock chip sampling.

Samples from artisanal workings were reported to have a registered up to 31.7 grams per ton while trenching returned 4.8 grams per tonne  in 1.3 meters. The group indicated that it also had completed satellite imagery of the area.

Alecto is currently undertaking geophysics, ground magentics and soil sampling with results expected to be published in the first quarter according to Damien Conboy, Managing Director of Alecto. The mining company hopes to advance to the next stage of the exploration after completing the ongoing task he added.

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Tullow Oil to Launch Drilling

Tullow Oil announced that it is about to start drilling its first exploration well in Southern Omo in Ethiopia. It is expected that Tullow will start drilling on the first well in two weeks. The explorer has hired a drilling company, and all the drilling machines and other required machines have arrived at the drilling location according to sources.

It is to be remembered that the Ethiopian Ministry of Mines announced that it was in the process of facilitating visas for a Tullow drilling crew that will oversee the launch of drilling processes in October. The crew is expected to be composed of 20 primarily Polish experts.

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