Ethiopia will extract more minerals
The Ethiopian Ministry of Mines has signed $4.2 billion worth of mining investment agreements with three companies.
As part of the deal, ZYTB DIM Metals and Minerals Manufacturing PLC, a joint venture between Ethiopian and Chinese investors, will mine iron ore, Ethiopian Investment Holdings will lead the development of the potash industry, and Bero Mining and Trading PLC will mine gold.
According to Ethiopian Mining Minister Habtamu Tegegne, the country has been importing iron ore for a long time to meet the needs of its industry, and now local production will help significantly reduce imports.
According to him, the production of potassium and gold will be focused mainly on international markets.
ENA
