2merkato

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.

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.

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.

Vale, the Brazilian mining multinational corporations, has secured a 900sqkm gold exploration area in southern Ethiopia.

The exploration area is in Konso, between the Oromia and Southern Nations Nationalities and Peoples regional states.

Vale has agreed to conduct geophysical surveys including air-born geophysics to discover primary gold reserves and base metals such as cobalt, copper, silver and zinc, Gebreigzabher Mekonnen, head of mining operations with the Ministry of Mines, said.