Companies with over 40 bln birr engaged in minerals exploration, production

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Addis Ababa, 16 February 2014 (WIC) – Companies with a combined capital of over 40 billion birr are engaged in mineral resources exploration and production across the country, the Ministry of Mines (MoM) said.

Ministry Public Relations and Communication Directorate Senior Expert, Ethiopia Bedecha, told WIC the over 144 companies licensed to engage in the mining activities are both foreign and local companies.

According to Ethiopia, the companies are engaged in the exploration and production of various jewelry, construction, industry other mineral resources.   

Upon going operational, the companies will create a number of new employment opportunities, he said.

The Ministry of Mines (MoM) is one of the federal ministries which is given the responsibility of the proper development of the mining sector.