The mineral potential of Ethiopia
The geologic diversity of the Ethiopian land mass makes it host for various minerals including precious metals, gemstones of a wide variety, base metals, rare metals, colorful dimension stones, healthful mineral waters, and huge deposits of Silica sand, ceramic and cement raw materials, energy minerals including coal, oil shale, and geothermal fields.
Investing in Ethiopia
Ethiopia’s mining sector is undergoing an enormous transformation with an increase in opportunities for investment. A wide variety of mineral resources are available in Ethiopia, according to recently conducted geological studies.
Investment in Ethiopia
Ethiopia offers very good prospects for mineral prospecting and development.
The Mineral Industry of Ethiopia by Thomas R. Yager, United States Geological Survey, 2005
The Mineral Industry of Ethiopia by Philip M. Mobbs, United States Geological Survey, 1999
Mineral industry of Ethiopia by Philip M. Mobbs, United States Geological Survey, 1998
The Mineral Industries of Djibouti, Eritrea, and Ethiopia by Philip M. Mobbs, United States Geological Survey, 1997
Ethiopia: A Country Study. Thomas P. Ofcansky and LaVerle Berry, editors. Washington: GPO for the Library of Congress, 1991.
The Geology of Ethiopia
Current Status of the Mineral Subsector
About 9,400 square kilometers of potential area for gold and other minerals are under concession.
Investing in Ethiopia: Mining, Embassy of Ethiopia, Washington, D.C., USA.
Ethiopia National Report on Mining to UNCSD
Mining and Mineral Exploration and Prospecting News and Reports
Tantalum
Investment opportunities in Ethiopia's Tantalum Mineral resources
Ethiopia hosts important rare metals particularly tantalum mineralization. The presently known potential area of tantalum and niobium is Kenticha, in the Adola area, southern Ethiopia.
Oil & Gas
Petronas Dry in Ogaden Basin, February 1, 2010
Petronas has come up dry in Ethiopia’s Ogaden Basin according to reports.
2 Oil firms enter into exploration deals in Ethiopia, Kenya, PANA
Oil exploration activity in Eastern Africa hit a notch higher on Monday after two international exploration firms, signed joint venture agreements to explore black gold in the arid northern Kenya region and parts of Ethiopia.
Tullow Buys Ogaden Basin Position, January 11, 2010
Reports have Tullow Oil expanding its presence in East Africa, entering into an agreement with SouthWest Energy. The agreement with SouthWest gives Tullow access to acreage in the Ogaden Basin of Ethiopia.
Ethiopia to Offer up Acreage, November 26, 2009
Those companies with an eye toward East Africa/Horn of Africa acreage should note that Ethiopia is planning to issue a tender for 14 exploration blocks over the next three years. The country has a total of 11 companies holding stakes in blocks and is looking to have another 14 join its exploration ranks over the next three years.
“Stay Out” ONLF Warns Oil Firms in Ethiopia, September 18, 2009
Just as drilling programs and seismic surveys are kicking off in Ethiopia’s Ogaden Basin, rebels from the Ogaden National Liberation Front (ONLF) have once again issued warnings to foreign oil firms against venturing into the southern region of the country.
Petronas Kicks off Drilling in Ethiopia, September 15, 2009
Drilling on Petronas’ Genale Block in Ethiopia’s Ogaden Basin has kicked off with the drilling of the first wildcat on the block. According to an article from the Reporter, drilling commenced two weeks ago.
Epsilon Oil exploration activities in Ethiopia, 01/25/2009 Ethiopian rebels warn Petronas on oil exploration. Jan 6, 2009, Nairobi (Reuters)
Ethiopia's Ogaden rebels warned Malaysia's Petronas [PETR.UL] on Tuesday they would not tolerate oil exploration in their remote eastern region, saying it would link the company to war crimes by the Ethiopian military.
Ethiopia licenses Swedish firm to explore oil. February 20th, 2007
Lundin Petroleum AB of Sweden — through its subsidiary, Lundin East Africa — will commence oil exploration in Ethiopia before the end of the year.
Petronas Wins Ethiopian Exploration Block, June 11, 2003
Petronas has been awarded exploration Block G in the Federal Democratic Republic of Ethiopia, marking its entry into the upstream sector of the African country. Coal
Coal
Chinese Firm to Explore First Private Coal Mining in Oromia by Lalisa, April 4th, 2007, (Addis Fortune/All Africa Global Media via Comtex)
The recent joint venture formed between Derba-MIDROC and East Africa Holdings has begun negotiations with the Chinese firm Shenyang Design for the extraction work of the coal mining project that the joint venture is planning.
Gold
IFC Makes Its First Investment in Ethiopia’s Mining Sector through Nyota Minerals. Washington, D.C./ Addis Ababa, Ethiopia, May 27, 2010.
IFC, a member of the World Bank Group, today agreed to invest 3.4 million British pounds in Nyota Minerals Ltd. to support a gold exploration project that is expected to provide jobs and government revenues to Ethiopia once the mine is developed.
More drilling activities in Moyale, Ethiopia, December 1st 2009
Mineral Invest International (MII AB) announced that a drilling programme had started together with the local partner OSS Engineering to commercialize the gold gold bearing deposits in Moyale in southern Ethiopia.
Ethiopia: Midroc Signs Up for Second Gold Mine
Midroc Gold has signed a 10-year agreement with the Ministry of Mines and Energy (MoME) on Tuesday, November 24, 2009, for the extraction of 20,483kg of gold from the Sakaro area, three kilometres from the existing Lega Dembi gold belt in the Guji Zone of the Oromia Regional State, about 500km southwest of Addis Abeba, where the company has been mining since 1998.
New mines of gold discovered in Ethiopia, 24 October 2009
Ethiopia announced on Friday that new mines of gold have been discovered by British and Saudi companies saying it could yield some 41 tonnes. Ethiopia says untapped gold reserve could reach 500 tonnes in different parts of the country.
Potash
China May Finance Ethiopian Mine, March 25, 2010
China's $300 billion sovereign wealth fund may finance China Mining United Fund's plan to develop a potash project in Ethiopia that is also being eyed by mining giant BHP Billiton Ltd., a senior official familiar with the situation said Thursday.
Ethiopian Potash Project, Ethiopia
The Danakil potash project is located in Ethiopia's north-eastern Danakil depression, a desert area in the State of Afar.
Legislations and Regulations governing the Mining and Mineral Industry
Mining in Ethiopia: Mining Law in Perspective
