Energy and Mining

Ethiopia Announces Five Companies Active in Potash

The Ethiopian Ministry of Mines announced that five international companies have invested 6.5 billion US dollars in the Ethiopia potash mining industry.

The five companies are G and B Central Africa Resource Limited, Saynic Potash, Nova Potash, Allana Potash and BHP Belton World Exploration Ethiopia. All of these companies have based their activites in Dalol.

Potash deposits from three points in the South Western part of its claims were made by Allana Potash last week according to company sources.

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Tigray Resources Continue Drilling Projects in Ethiopia

Tigray Resources Inc has announced that it has completed nine diamond drill holes since mid-August in Ethiopia. The holes are approximately 1700 meters and have been completed on drill sections 80 meters apart at Terakimti and are part of ongoing exploratory drilling.

Drilling is targeting a zone approximately one kilometre in strike length identified through geological, structural and alteration mapping; gold anomalous gossan outcrops; soil geochemical anomalies; IP, resistivity, gravity and EM targeting; and results from 12 previously drilled holes.The lab is expected to deliver the results for the first eight diamond drill holes in four to six weeks.

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Nyota Minerals makes three new gold discoveries in Ethiopia

Nyota Minerals, an East African focused gold miner, announced yesterday it has discovered three new gold reserves. These discoveries were made within the 3200 km2 of the Northern exploration area of the firm in Western Ethiopia.

Nyota regards these sites as ‘drill ready,’ and a multi-purpose drill rig has been allocated to them.

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Ethiopia Awards $14.1 Million Contract to AECOM

The Ethiopian Electric Power Corporation has awarded two contracts to AECOM, a leading provider of professional technical management support services for government and commercial clients internationally. The contracts have a total value of 14.1million US dollars.

The first contract is for a project financed by the World Bank. Under this agreement AECOM will evaluate and revise tender documents, carry out a design appraisal of contractors' deliverables. AECOM’s work will also include the upgrade of existing electrical substations in Addis Ababa, north, northwestern, north eastern, southern and eastern parts of the country.

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Ethiopian Maritime Enterprise to Prepare Facility for Coal Import

The Ethiopian Maritime and Transit Service Enterprise (EMTSE) received instruction from the Ministry of Industry last week to prepare port facilities for handling coal imported by Ethiopian Petroleum Enterprise (EPE).

It was reported in Mid August that the Ethiopian Petroleum Enterprise (EPE) was going to import coal from South Africa to secure sustainable supply of coal as an alternative source of energy for cement factories.

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