Mining Companies Worth 73b Br Join Industry




Seventy-one mining companies with registered capitals of more than 73 billion Br have joined the mining industry in the first half of the second edition of the Growth & Transformation Plan (GTP II), according to the Ministry of Mines, Petroleum & Natural Gases.

The government supported the mining companies mainly by giving them tax incentives, according to Geremew Negasa, the Ministry’s Planning, Monitoring & Evaluation director.

These mining companies have thus produced 16,223Kg of gold and 578tn of tantalum. In addition, 1,000Kg of opal for exports.

Melese Alemu, minister of Mines, Petroleum & Natural Gases, stated that the Ministry will continue to work hard to attract investors in the sector to meet the targets of the GTP II.

The sector has been undergoing ups and downs over the past couple of years. Export earnings from the mining sector showed a decline of 51.9 million dollars to 167.25 million dollars, according to the Ministry of Trade (MoT), in the past 10 months of this fiscal year.



Published on Jun 10,2018 [ Vol 19 ,No 946]


SHARE :
               


Editorial

It was refreshing to see Berhanu Nega (Prof.), leader of an opposition...


Agenda

Ethiopia’s high potential to deliver animal skins to local and intern...


Fineline

The Revolutionary Democrats concluded their council...


Commentary

A country needs to develop effective methods of evaluating projects and...


Viewpoint

When we take a step back, we can see clearly how to advance. Change age...


Opinion

There seems to be an improvement on the macroeconomic side. The Ethiopi...


View From Arada

Following the olive branch afforded opposition parties by the ruling co...


Editors Pick
















MEMBERS' LOGIN


ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

 

SUBSCRIBE TO ADDISFORTUNE


//