Forwarded from Ethiopian Business Daily
According to the Ministry of Trade and Industry the country brought in more than USD 3.6 billion during the last budget year.
The bulk of this amount comes from the export of agricultural (USD 2.47 billion) and mining (USD 668 million) products with the top destinations being USA, Europe, Japan, Saudi Arabia, Singapore, Israel, and China.
Coffee accounted for 25 percent and gold for 19 percent of the revenue brought in.
Via - Linkup Business
@Ethiopianbusinessdaily
The bulk of this amount comes from the export of agricultural (USD 2.47 billion) and mining (USD 668 million) products with the top destinations being USA, Europe, Japan, Saudi Arabia, Singapore, Israel, and China.
Coffee accounted for 25 percent and gold for 19 percent of the revenue brought in.
Via - Linkup Business
@Ethiopianbusinessdaily
Lapis is a beautiful rock; an aggregate of several minerals, mainly lazurite, calcite, and pyrite.
https://www.capitalethiopia.com/capital/noc-announces-bid-for-first-coal-washing-plant/
National Oil Company /NOC/ announces international bid for the construction of the first coal washing plant in Ethiopia in Benishangul region.
The company has invited interested companies for the supply of full set of coal washing plant. Thus suppliers with competitive prices who can manufacture and supply the complete coal washing plant with latest technology, are invited to for the bid. According to the bid document the winning company will be given an Engineering, Procurement and Construction /EPC/ contract.
National Oil Company /NOC/ announces international bid for the construction of the first coal washing plant in Ethiopia in Benishangul region.
The company has invited interested companies for the supply of full set of coal washing plant. Thus suppliers with competitive prices who can manufacture and supply the complete coal washing plant with latest technology, are invited to for the bid. According to the bid document the winning company will be given an Engineering, Procurement and Construction /EPC/ contract.
Capital
NOC announces bid for first coal washing plant
National Oil Company /NOC/ announces international bid for the construction of the first coal washing plant in Ethiopia in Benishangul region. The company has invited interested companies for the supply of full set of coal washing plant. Thus suppliers with…
The Economist Explains - Why pumping groundwater isn’t a long-term solution to drought | The Economist explains | The Economist
https://www.economist.com/the-economist-explains/2021/08/16/why-pumping-groundwater-isnt-a-long-term-solution-to-drought
https://www.economist.com/the-economist-explains/2021/08/16/why-pumping-groundwater-isnt-a-long-term-solution-to-drought
The Economist
Why pumping groundwater isn’t a long-term solution to drought
Farmers are taking water from aquifers faster than nature can put it back | The Economist explains
Drill core showing intervals of highly altered host rocks and quartz veining, both with significant visible sulphide mineralisation (pyrite, chalcopyrite, pyrrhotite). Left: ca. 101m Right: ca. 106m
animation.gif
76.5 KB
KEFI (AIM: KEFI), the gold and copper exploration and development company with projects in Ethiopia and Saudi Arabia, announced today that it has now assembled the full funding package of US$356 million estimated to be required for the development of the company’s Tulu Kapi gold project in Ethiopia.
In its statement, KEFI said that this package is designed to fund all infrastructure, the start-up of the open pit mine and the initial development of the underground mine.
The Tulu Kapi gold project in western Ethiopia is being progressed towards development, following a grant of a Mining Licence in April 2015. KEFI plans to start production in mid-2023.
At Tulu Kapi, the company expects gold production of 190,000 oz annually, with all-in sustaining costs of between $800/oz and $900/oz. Tulu Kapi's ore reserve estimate totals 15.4Mt at 2.1g/t gold, containing 1.1 Moz. The NPV of KEFI’s beneficial ownership in the two main projects is estimated at £274 million (US$376 million) or 12.6 pence per KEFI share.
In its statement, KEFI said that this package is designed to fund all infrastructure, the start-up of the open pit mine and the initial development of the underground mine.
The Tulu Kapi gold project in western Ethiopia is being progressed towards development, following a grant of a Mining Licence in April 2015. KEFI plans to start production in mid-2023.
At Tulu Kapi, the company expects gold production of 190,000 oz annually, with all-in sustaining costs of between $800/oz and $900/oz. Tulu Kapi's ore reserve estimate totals 15.4Mt at 2.1g/t gold, containing 1.1 Moz. The NPV of KEFI’s beneficial ownership in the two main projects is estimated at £274 million (US$376 million) or 12.6 pence per KEFI share.
NASA Invites Media to Launch of Lucy Mission to Study Trojan Asteroids
The Lucy mission is named after the fossilized skeleton of an early hominin (pre-human ancestor) discovered in Ethiopia in 1974 and named “Lucy” by the team of paleoanthropologists who discovered it. Just as the Lucy fossil provided unique insights into humanity’s evolution, the Lucy mission promises to revolutionize our knowledge of planetary origins and the formation of the solar system, including Earth.
The Lucy mission is named after the fossilized skeleton of an early hominin (pre-human ancestor) discovered in Ethiopia in 1974 and named “Lucy” by the team of paleoanthropologists who discovered it. Just as the Lucy fossil provided unique insights into humanity’s evolution, the Lucy mission promises to revolutionize our knowledge of planetary origins and the formation of the solar system, including Earth.
Tulu Moye Geothermal Operations
----
Hot water coming out of well GA-1 that can be used in the future as a #geothermalSpa.
This will also benefit the local community & facilitate development.
...
Source: Company LinkedIn page
----
Hot water coming out of well GA-1 that can be used in the future as a #geothermalSpa.
This will also benefit the local community & facilitate development.
...
Source: Company LinkedIn page
Akobo Minerals applies for a large scale gold mining license Akobo Minerals has today applied for a large scale gold mining license. After more than 10 years of exploration work, an application was submitted in close dialogue with the Ministry of Mines
and Petroleum. Ongoing successful drilling and a high-grade mineral resource from Segele supports our view that mining will be an important and integral part of the company’s future.
The Minister of Mines, Takele Uma said:
“We are cooperating with Etno Mining/Akobo Minerals to finalize the mining license next week, the first week of the Ethiopian New year. Etno Mining has worked relentlessly since the beginning of its exploration activities.”
The mining license area applied for covers a large part of the existing exploration license. A large
scale mining license is normally granted for an initial period of 20 years, then for an additional 10
years. With grant of the mining license we will secure a long term operation for the next 20 years and the opportunity to continue exploration work as we start preparations for mining operations. Typically mining licences include obligations on the company to pay royalties, taxes,
support local communities and undertake ESG programmes – all of which are already within the
company plan.
and Petroleum. Ongoing successful drilling and a high-grade mineral resource from Segele supports our view that mining will be an important and integral part of the company’s future.
The Minister of Mines, Takele Uma said:
“We are cooperating with Etno Mining/Akobo Minerals to finalize the mining license next week, the first week of the Ethiopian New year. Etno Mining has worked relentlessly since the beginning of its exploration activities.”
The mining license area applied for covers a large part of the existing exploration license. A large
scale mining license is normally granted for an initial period of 20 years, then for an additional 10
years. With grant of the mining license we will secure a long term operation for the next 20 years and the opportunity to continue exploration work as we start preparations for mining operations. Typically mining licences include obligations on the company to pay royalties, taxes,
support local communities and undertake ESG programmes – all of which are already within the
company plan.
Ambient air pollution behind recurring economic losses in Ethiopia, Ghana and Rwanda: UNEP
Death by ambient air pollution cause annually recurring losses in economic production — between 0.08 and 0.3 per cent of the gross domestic product (GDP) — in Ethiopia, Ghana and Rwanda, according to a recent report from United Nations Environment Programme (UNEP).
Ambient air pollution in Africa is lower than in many parts of the world; yet, it contributes to an increasing number of deaths, including from pneumonia, heart disease, stroke, diabetes, chronic lung disease and lung cancer.
It is caused by burning of fossil fuels such as coal, oil and gas.
The report, Air Pollution and Development in Africa: Impacts on Health, the Economy and Human Capital, examined data for the continent, but focused especially on three rapidly developing countries: Ethiopia, Ghana and Rwanda.
Death by ambient air pollution cause annually recurring losses in economic production — between 0.08 and 0.3 per cent of the gross domestic product (GDP) — in Ethiopia, Ghana and Rwanda, according to a recent report from United Nations Environment Programme (UNEP).
Ambient air pollution in Africa is lower than in many parts of the world; yet, it contributes to an increasing number of deaths, including from pneumonia, heart disease, stroke, diabetes, chronic lung disease and lung cancer.
It is caused by burning of fossil fuels such as coal, oil and gas.
The report, Air Pollution and Development in Africa: Impacts on Health, the Economy and Human Capital, examined data for the continent, but focused especially on three rapidly developing countries: Ethiopia, Ghana and Rwanda.
Ethiopia is on course to become a net exporter of energy as it unveiled a $40bn roadmap to build 71 power projects over the next ten years. https://t.co/GsEoyE7elf
Hydroelectric power dams, wind farms and geothermal sources supply over 4,000mw of electricity in #Ethiopia, with 20pc of the power wasted due to distribution leakages. https://t.co/v3FVL2ie6H https://t.co/TAnfMyeHTv
የባህላዊ ወርቅ አምራቾች የሮያሊቲ ክፍያ ሙሉ በሙሉ ተነሳ
አዲስ አበባ፣ መስከረም 11፣ 2014 (ኤፍ ቢ ሲ) በባህላዊ መንገድ ወርቅ እያመረቱ ለባንክ ለሚያቀርቡት አምራቾች ለክልል ሲከፍሉ የነበረው የሮያሊቲ ክፍያን ሙሉ በሙሉ መነሳቱ ተገለፀ። የመዐድንና ነዳጅ ሚኒስትር ኢንጂነር ታከለ ኡማ የሚመሰገን ውሳኔ ብለዉ በማህበራዊ የትስስር ገፃቸዉ ላይ እንዳሰፈሩት የሮያሊቲ ክፍያዉ ተነስቷል ። የሚሰሩ ጠንካራ እጆች ሁሌም ድጋፍ ይገባቸዋል።የባህላዊ እና አነስተኛ ወርቅ አምራቾቻችን ለሀገራችን የማዕድን…
https://www.fanabc.com/የባህላዊ-ወርቅ-አምራቾች-የሮያሊቲ-ክፍያ/
አዲስ አበባ፣ መስከረም 11፣ 2014 (ኤፍ ቢ ሲ) በባህላዊ መንገድ ወርቅ እያመረቱ ለባንክ ለሚያቀርቡት አምራቾች ለክልል ሲከፍሉ የነበረው የሮያሊቲ ክፍያን ሙሉ በሙሉ መነሳቱ ተገለፀ። የመዐድንና ነዳጅ ሚኒስትር ኢንጂነር ታከለ ኡማ የሚመሰገን ውሳኔ ብለዉ በማህበራዊ የትስስር ገፃቸዉ ላይ እንዳሰፈሩት የሮያሊቲ ክፍያዉ ተነስቷል ። የሚሰሩ ጠንካራ እጆች ሁሌም ድጋፍ ይገባቸዋል።የባህላዊ እና አነስተኛ ወርቅ አምራቾቻችን ለሀገራችን የማዕድን…
https://www.fanabc.com/የባህላዊ-ወርቅ-አምራቾች-የሮያሊቲ-ክፍያ/
ፋና
የባህላዊ ወርቅ አምራቾች የሮያሊቲ ክፍያ ሙሉ በሙሉ ተነሳ
አዲስ አበባ፣ መስከረም 11፣ 2014 (ኤፍ ቢ ሲ) በባህላዊ መንገድ ወርቅ እያመረቱ ለባንክ ለሚያቀርቡት አምራቾች ለክልል ሲከፍሉ የነበረው የሮያሊቲ ክፍያን ሙሉ በሙሉ መነሳቱ ተገለፀ። የመዐድንና ነዳጅ ሚኒስትር ኢንጂነር ታከለ ኡማ የሚመሰገን ውሳኔ ብለዉ በማህበራዊ የትስስር ገፃቸዉ ላይ እንዳሰፈሩት የሮያሊቲ ክፍያዉ ተነስቷል ። የሚሰሩ ጠንካራ እጆች ሁሌም ድጋፍ ይገባቸዋል።የባህላዊ እና አነስተኛ…
Akobo Minerals to be awarded large scale gold mining license
Akobo Minerals is pleased to announce that the Ethiopian Council of Ministers has today accepted the Large Scale Mining Licence application submitted by the company on the 7th of September 2021.
The application was developed in close dialogue with the Ministry of Mines and Petroleum with whom the company intends to continue its successful partnership. The success of this process gives Akobo Minerals great confidence to bring forward mining plans for the high-grade Segele gold mineralisation. The future Segele Mine will a be positive development for Ethiopia and the community near the project.
The final stage in the process is the signing of a Mining Agreement which is scheduled for the 30th of September. Upon signing Akobo Minerals will release more information covering key clauses.
Akobo Minerals is pleased to announce that the Ethiopian Council of Ministers has today accepted the Large Scale Mining Licence application submitted by the company on the 7th of September 2021.
The application was developed in close dialogue with the Ministry of Mines and Petroleum with whom the company intends to continue its successful partnership. The success of this process gives Akobo Minerals great confidence to bring forward mining plans for the high-grade Segele gold mineralisation. The future Segele Mine will a be positive development for Ethiopia and the community near the project.
The final stage in the process is the signing of a Mining Agreement which is scheduled for the 30th of September. Upon signing Akobo Minerals will release more information covering key clauses.