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
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’.
mining development company signed an agreement with the Ethiopian Ministry of Mines late last week.
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.
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.
