National Mining Announces Gold Discovery in Ethiopia
National Mining Corporation announced the discovery of gold deposits in Southern Ethiopia estimated at 10 metric tons a year, nearly double of the current national output.
The Okote site has shown to have more than 550 tons of gold with 73 tons expected to be ready for extraction in 2 years said Melaku Beza, Chief Executive Officer of National Mining.
The company is planning to invest 150 million US dollars to initiate the first phase of the production he said.
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