Energy and Mining

Ethiopia's Ministry of Mines to Scrap Ban on Export of Rough Gem & Raw Tantalum

The Ethiopian Ministry of Mines is scraping its plan to ban rough gem exports and export ban on raw tantalum, in order to increase the export volume of mineral resources, Fortune reported.

The Ministry has also raised its revenue projection for 2013/14 fiscal year to one billion dollar, from the initial target of US$777 million. In January 2013, the Ministry announced its intention to ban rough gem exports at the start of the new fiscal year. This was because of the considerably higher price a value-added stone would fetch when compared with the rough cut.

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Ethiopian Electric Power Corp. to Commence First Phase of Aysha I Wind Farm

The Ethiopian Electric Power Corporation Board has approved the launching of the first phase of the Aysha I wind farm project in the Somali Regional State, according to information obtained from the Ethiopian Ministry of Foreign Affairs website.

Construction of the project, split into three phases, will begin soon. The first phase will be carried out by the Chinese Company, Dongfang Wind, and is expected to produce 120MW of energy when completed. Add a comment Add a comment

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Ethiopia to Amend Mining Law

The Ethiopian Ministry of Mines has drafted a bill to amend the country's mining law to enhance investment in the sector, The Reporter reported citing a senior official from the ministry. According to the source of The Reporter, the bill has been referred to the House of Peoples' Representatives standing committee on Environment and Natural Resources. Add a comment Add a comment

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Ethiopia: Ministry Ordered Additonal Solar Panels from Poly Technologies

The Ethiopian Ministry of Water & Energy has ordered additional photovoltaic solar panels for Africa's largest solar power project. The 3,700 solar panels, worth US$1.5 million will be supplied by a Chinese company, Poly Technologies.

The ministry has previously purchased 25,000 solar panels from the same company. The panels are currently being installed across six regional states of Ethiopia. The purchase has been financed by the World Bank.The project is funded by the US$130 million loan the International Development Association provided to Ethiopia's energy sector. Add a comment Add a comment

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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. Add a comment Add a comment

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