Three-wheeler assembly plant owned by Redawa Motors Industry PLC and located in Dire Dawa City, Ethiopia, is scheduled to start production in 2 months time. The assembly line is found in Dire Dawa’s Industrial Village.
Britain's Tullow Oil is to start drilling its third well in Chew Bahir, according to The Reporter.
Tullow Oil will start mobilizing its drilling crew to Chew Bahir at the end of this month, Tullow’s senior corporate affairs adviser, Sisay Zerihun, told The Reporter.
Tullow Oil’s third oil exploration well, Shimela-1, drilled in Chaw Bahir basin has turned out to be dry, according to The Reporter. Tullow started drilling the well in March 2014 using Exalo 250 rig in the South Omo Zone.
The Tulu Kapi gold mine, which is Ethiopia's first modern industrial-scale gold producer, is scheduled to begin operations in September. The mine has a capital investment of over 500 million USD and has completed all necessary preparations to commence its activities.
British earthmoving construction firm PW Mining and Australian process plant construction company Lycopodium, have signed the Final Umbrella Agreement with Tulu Kapi Gold Mines (TKGM), a gold and copper exploration and development company. The companies need to finalize all arrangements in the community before starting construction and gold production. The two companies have hired British and Australian contractors that specialize in mining.
