Tuesday, December 3, 2013

Ethiopia Earned US$121 Million from gold and other Minerals

goldEthiopia has earned over US$121 million in revenue from various minerals supplied to the National Bank of Ethiopia and overseas markets in the first quarter of the current Ethiopian fiscal year.

Ministry of Mines public relations told Walta Information Center, the revenue was collected from 2, 541.3 kg of gold supplied to the National Bank of Ethiopia by tradition gold miners as well as 1,264.2 kg of raw and 12.98 kg of value added gemstones exported to foreign countries.
Some 101.2 million of the income was earned from gold produced traditionally and supplied to National Bank of Ethiopia, while the remaining 20.5 million US dollars was generated from gemstones exported by different companies, according to Walta.
Source: Walta Information Center

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