Ethiopia earns over 172 mln USD from mineral export

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Addis Ababa, 3 February 2014 (WIC) - Ethiopia has earned 172 .6 million US dollars in revenue from the export of minerals in the first half of this budget year, according to the Ministry of Mines (MoM).  
Ministry Public Relations Head, Bacha Faji told WIC that the stated sum of revenue was obtained from the export of gold, tantalum, marbles and gemstones.

According to Bacha, the minerals were supplied by companies and artisanal miners.  
The ministry has failed to attain its target of making one billion US dollars due to lack of interest from buyers and the fall in gold prices at the global market, Bacha said.  
Currently, there are 147 foreign companies in Ethiopia engaged in exploration, excavation and production of minerals, it was learnt.