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Ethiopia Set to Approve Gold Mining License for Nyota Minerals



  12:54:21 pm, by admin   , 233 words  
Categories: Energy

Ethiopia Set to Approve Gold Mining License for Nyota Minerals

Ethiopia Set to Approve Gold Mining License for Nyota Minerals

By William Davison

Nov. 5 (Bloomberg)
-- Ethiopia is set to approve a mining license for Nyota Minerals Ltd. to develop the Tulu Kapi gold deposit, Mines Minister Sinknesh Ejigu said.

“We have agreed on the technical and environment terms and we are finalizing the economics,” Sinknesh said in a phone interview from the capital, Addis Ababa, today. “At the end of the day, they will get the mining license.” There is no date set for approval, she said.

The project in western Ethiopia 500 kilometers (310 miles) west of Addis Ababa, contains an estimated 1.87 million ounces of gold, according to the website of Nyota, whose shares trade on exchanges in the U.K. and Australia. Nyota Chief Executive Officer Richard Chase didn’t immediately respond today to an e-mailed request for comment.

Ethiopia, Africa’s largest coffee producer, is diversifying its economy away from a reliance on agriculture by encouraging investment in mining and manufacturing. Revenue from gold exports jumped 32 percent to $602 million in the 2011-12 fiscal year from the same period a year earlier, according to Access Capital, an Addis Ababa-based research company. Midroc Gold, which is owned by Saudi billionaire Mohamed al-Amoudi, is the only company mining gold in the Horn of Africa nation.

Nyota is exploring for the precious metal around Tulu Kapi in Oromia region and in the north of the country, according to its website.

Tags: energy, mining


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Comment from: [Member]
5 stars

Backward losers, where are you? Aren’t you gonna cry, our land is sold,.bla bla? Come on show us a little bit of jealousy which is reducing you to dust bit by bit.

11/05/12 @ 15:16
Comment from: ager wodad [Visitor]
ager wodad

KUDOS!Wzo Sinknesh!You and Dr.Elene are good examples for other Ethiopians in working hard to bring developed Ethiopia.The reward is leaving better country for the next generations.You need to know that you have many admirer
in diaspora.

11/05/12 @ 15:35
Comment from: TEDDY [Visitor]

Adgi the village idiot ,why don’t you ask if you have the gut ,
LEKAMMI WUSHA BANDA .Why the hell this Company has come to Ethiopia and Burundi than continuing its exploitation in Australian Virgin Lands .The reason is simple ,it’s easy to polute poor countries lands with the blessing of corrupted leaders .Exploiting cheap manpowers
and enjoying with the raw materials
which have never paid at the proper prices even furnished for FREE .Maybe after the Australians shall finish poluting the lands ,Little Tyrant shall lease you
the places for the great services you have render for them .SO YOU WILL ENJOY OF DUST AS MUCH AS YOUR WISHES !!!!Amedam DEDEB BANDA !!!!

11/05/12 @ 15:36
Comment from: TEDDY [Visitor]

Hey Ager Awaradge ,does it mean for
you leaving a better country for the
next generation ,a land poluted with
lead and many chemical products and
local peoples unable to exploit their lands with their health in danger exposed to drink poluted water .

11/05/12 @ 15:46
Comment from: fade up of wannker teddy psycho [Visitor]
fade up of wannker teddy psycho
5 stars

@Teddy psycho are u still alive u mother fucker old cunt I thought u died & stink like dead pig. You’re the fucked moren dirty minded person ever this world saw. Just shut your stinky mouth and take your tucking pills till u die. Psycho wannker

11/05/12 @ 15:54
Comment from: TEDDY [Visitor]

Adgi ,so you are afraid to respond with your own Identity …LOL !!!Coward as you are you ,like your dead Leba
master, you have never accepted to face TRUTH !!!

11/05/12 @ 16:05
Comment from: Tulu Proud ET [Visitor]
Tulu Proud ET

This is not a development but Another robber by the organized Woyane Tigre cults robbing Ethiopia.

Well we Ethiopians are not happy with this kind of day light robbery going on Ethiopia’s soil. Woyane mafias are robbing the country and tell us they are “developing”.

“Developer” is the new word adapted by Dictators.

Well we don’t want your dreadful deed because it never benefit our people but enriching your Tigre mafias who have no shame, ethics or remorse.

Woyane thieves why don’t you go to Tigray and dig anything you want.?

Leave Ethiopia alone. You don’t believe or act like Ethiopians. TPLF ideology is manifesting.

Ethiopians fight and revolt against Tigres colonization. United Ethiopia Forever.

11/05/12 @ 16:35
Comment from: Tedla [Visitor]

Teddy: Why are you so negative and crazy whenever you hear a good news about Ethiopia? It’s too bad for you as there will be more good things coming in the near future.

11/05/12 @ 16:43
Comment from: TEDDY [Visitor]

Tedeladakakew ,what the hell are you talking about .This is a question of Death or Life for peoples exposed in their own lands to chemical products polution for the sake of Foreign Exploiters .
You are not defending economic progress but Pure Slavary !!!!

11/05/12 @ 16:51
Comment from: TEDDY [Visitor]

adgi Banda ,if you have the Gut better you expose your argument with your own Identity than vomiting
your usual stupidities…Now you are
knocked out and get KAPUT…Better you shut your dirty mouth and ceased jerking on your laptop …LOL !!!!

11/05/12 @ 16:56
Comment from: Tulu Proud ET [Visitor]
Tulu Proud ET

aka Gebray from Adwa

Haven’t you heard the code words?

“Developments” and the fake “good news” are the code words used by Dictators to hide their crimes and embezzlements.

Don’t stay naïve. All those digging for gold leaving no stone unturned is not for the befefit of Ethiopia.

It is the usual Woyane and TPLF (Tigray’s People Libration Front” looting Ethiopia scheme before they are ousted.

*** United Free Ethiopia from Woyane Parasites Forever!!! ***

11/05/12 @ 17:03
Comment from: Can,t stand to hear Garbage from teddy [Visitor]  
Can,t stand to hear Garbage from teddy

It looks like the weyans hit you hard on your face that blindly you are cursing blaming and shouting then every time when there is a good news for our country. I think because you ar3 very negative person and never have positive attitude you will go crazy one day and may have also heart attack . The sice says the more you are unhappy and angry the out come is not positive . Take c are your selve dont be foolish, Ethiopia will take care Of itself. You never contributed a dime and the country is not expectting a dIme from you. Just you and the other who pretend they are th.e wise Ethiopians who will rescu Ethiopia are useless. Run your life you are not the person the country will call when we need.

11/05/12 @ 17:47
Comment from: TEDDY [Visitor]

Adgi ,as said our dear elders “Ke wedeku bewhala menferaget lemelalatte betcha ” ,you are already dead it’s only your own shadow which is barking .Now you have been hit at the right place you are barking like a dying hyena ….LOL !!!!!

11/05/12 @ 19:13
Comment from: ager wodad [Visitor]
ager wodad

Teddy,what do you do for living?you are 24/7 in this web must be collecting food stamp,drinking 40 ounce colt 45 ,writing this trash stuff,no dream,no improvment in your life,and lastly leave this world without accomplishing any thing.ABET!ABET!ABET!

11/05/12 @ 20:23
Comment from: Tedla [Visitor]

Teddy & Tulu I don’t know how to swer like you us i am a normal person let me tell you something our country is developing there is nothing you can do to stop that you are wasting your time you are confused.

11/05/12 @ 22:09

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