2merkato

Stratex announced uncovering a potential major epithermal vein system within it Blackrock Project in Ethiopia. The company has observed significantly encouraging geology, texture and extent of gold mineralization with the Black Water Zone noted David Hall, Director of Stratex.

The 33-hole program, launched by the international company has uncovered narrow, high grade mineralization which includes 15.97 grams per ton over a quarter of a meter, and 4.93 grams from a 900 millimeter section he added.

There were also noted several thick intersections of low-grade material of up to 13 meters in width according to Hall.

Nyota Mining Limited is to get a gold mining license for operations on its Tulu Kapi site in Ethiopia.The company is expected to receive the license by the end of the coming September according to a tentative schedule said Sinkenesh Ejigu, Minister for Mines.

It is to be remembered that Nyota applied for a ten year license to carry out mining operations in the area after it submitted a Technical Feasibility Study confirming the presence of gold reserves in the area along side an Environmental and Social Impact Assessment which where both evaluated by ministry experts.

Tullow Oil is set launch drilling activities on its concession in the South Omo region of Ethiopia. The international gas and oil exploration company expects to begin drilling in January of 2013 according to a senior official with the Ethiopian Ministry of Mines.

Tullow Oil had informed Ethiopian officials of oil reserves potentially larger then discovered in Uganda or Kenya while the company was finalizing its Full Tensor Gradimametric Gravity Survey and collecting seisimic Data.

The company’s management has assured Ethiopian authorities of oil discoveries within a year although officials have been reluctant to raise expectations amongst the public with more evidence it was said.

Ethiopia is successfully enhancing alternative energy technology announced the Ministry of Water and Energy. State energy bureaus are collaborating with the ministry to introduce the use of fuel saving stoves among the public in rural areas said Bizuneh Tolcha, Director of Public Relations and Communications with the ministry.

The ministry has been able to distribute more than 3 million stoves in the last two years out of a total of 9 million planned to be distributed in the 5 year development (Growth and Transformation Program) plan he said.

The fuel efficient stoves save time and labor as well as eliminating health combinations which is why much attention has been paid to the distribution of stoves noted Bizuneh.