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Ethiopia Set to Approve Gold Mining License for Nyota Minerals

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11/05/12

Permalink 12:54:21 pm, by nazret.com, 233 words   English (US) latin1
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.

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35 comments

Comment from: addis zemen [Visitor]
*****
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]
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.
"ONE PERSON CAN MAKE A DIFFERENCE AND EVERY PERSON SHOULD TRY."JFK
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]
*****
@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]
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]
Tedla
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] Email
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]
Teddy,what do you do for living?you are 24/7 in this web site.you 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
Comment from: TEDDY [Visitor]
Ager Awaradge ,and what about you and who does pay you to post crap propagandas .Agazi bandits or the Sheraton Sheik...LOL !!!!Tendelakakew polution is not development but "SOCIAL REGRESSION" next time you Thuggy guys shall welcome Westerners and Chinese to send their Garbages into the country as they have done in many African Countries .
11/06/12 @ 00:22
Comment from: Ethiofriendly [Visitor]
Silemam sedeb saylemam sedeb,

Some people are programmed in such a way that they can't even appreciate a little of good things happening!

Bunch of losers!

Ethiopia Rise!
11/06/12 @ 01:59
Comment from: sew [Visitor]
Tedy you are very sick person.
you look like an angry person. you need help.Ethiopia will not call you for help because you look like emotionaly disturbed person. So why bother about Ethiopia?. take it easy.
11/06/12 @ 02:09
Comment from: usfu [Visitor]
To develop will not zap the natural resources when optimization would be spotlighted. I appreciate to carefully finalize the "economics" aspects including tax to the local people if need arises. Is there a possibility to develop locally?

11/06/12 @ 03:40
Comment from: Ash [Visitor]
Teddy, if Indian produce mango and export raw mango...

What we can do is buy our own mango and make it mango juice so that we can exported finished good.

If some one producing cotton and exporting raw cotton... Instead of shouting they are exploiting us we can use the our own cotton to make T-shrt and export T-shrt instead hence make ten time more then exporting raw cotton and employed much more people at the same time.

Now instead of trying to stop the gold co. Because they are exporting raw gold...without benfit us much... Instead open up million gold smith company that us our own gold to process it to finished product so that we will increased our income by ten fold..even we can attract ousted invester to invest in finishing process so that we keep the raw gold at home or supply our gold locally...

11/06/12 @ 06:15
Comment from: Gebru [Visitor]


@ Tedla [Visitor.

Thank you ! That is my question for TEDDY [Visitor] too some times this person reminds me my child-hood name calling for an elderly lady we used to call her "EMAMA KEWUSI" because "MAMA - KEWUSI" she attack every body in the neghabour at least 5 people a single day, same thing with TEDDY [Visitor]
11/06/12 @ 07:43
Comment from: Belay [Visitor]
teddy, are you against mining in general because of its enviromental consequences or just those that take plave in ethiopia.
i personally rather see company own by ethiopians like alamoudi or others than foreigners. but i am sure that will drive you even madder..lol..
--
Tulu zRetarded ET
still playing the same old ethnic card...lol...
11/06/12 @ 09:23
Comment from: ager wodad [Visitor]
@teddy
usuf,belay,ash,and others made arguments what is or not good avenue of economic growth.I like to here your take on their points .show me your stimulating knowledge.BADO KERERTO WAGA YELEWEM.
11/06/12 @ 10:35
Comment from: TEDDY [Visitor]
Ash you have the response in your own question .Instead of stealing the peoples moneys your agazi bros may bring back all they have illigally owned .And help local peoples to exploit their own lands and raw materials .If Indians have made it ,of course Ethiopians Can too . Foreign exploiters worst looters and oppressors are not the Final Solution for the Country .I know you are once again arguing a Win to Win balanced Exchange .By the way where are then the so called win to win when Local Peoples are strown away from their own lands ,do not have ,not even a penny , a Benefit from the so called project and worst are exposed to a Danger on their health and obliged to remain in their lives of misery . Belay your Sheraton Sheik is first of all Saudi exploiters serving the interest of his Land of Adoption .Better you meditate on the environmental consequences of the region where local peoples have accused his Company for infecting their clean water ressources .Gebru you mean your dear bros Adgi who barks as a dying mad dog against the patriots...LOL !!!!
11/06/12 @ 10:51
Comment from: TEDDY [Visitor]
Ager Awaradge ,you thuggy guys are here and there telling AMEN to all your Agazi Boss LIES and propagandas . If tomorrow they will tell you that they have raped your Mom and Sist I am sure you would say that is for the Good of the Country ...LOL !!!TCHINKILATEBIS BANDA .
11/06/12 @ 10:56
Comment from: Ash [Visitor]
Teddy,

I don't think u understand what gold mining is first u have to invest 400 million dollars in hope of finding Gold. U might not be lucky but u r risk taker so u invest that amount of money for few years u will not see ur money or profit. Second u have to process one ton of dirty to find a few grams of gold.

Now u are telling me why not the local people not doing it.. Of course they can do it but do they have 400 million dollare and the skill it takes to mining a Hugh mining site..

Anyhow even if u put million of local miner because u think u fervor them u end up destroy the land because the poor miner they doesn't have technology to be enovermential friendly miner so they use mercury cheapest processing method and the uncontrolled method they use it will damage the river fish infected and any body who eat will eat mercury this lead to mental sickness now multiply this effect by million local miner that u want us to employee.

I am not saying the big company will not damage the environment if they do u can sue them and make them pay hence they might lose their investment they will not destroy the enoverment if they can avoided but in case of locale miner how u going to sue if the river died because of to much mercury.

I ca go and on but... My point is if I am a big mining company I will not come to Ethiopia because people like u can destroy my investment just by crying fox... Who his going to buy if they think Ethiopian gold is blood gold? Even if they buy I will heat by low price so don't destroy a few good thing that we have... Ethiopia is not a well known country when it come to mining so don't doestoy what we have if u real LOVE Ethiopia.
11/06/12 @ 12:16
Comment from: Belay [Visitor]
@TEDDY
are we talking about the same alamoudi that was considered very much ethiopian until 2005, the same alamoudi that was born and raised in remote part of ethiopia from an ethiopian mother, same man who speaks our language and cries when he mentions the name ethiopia. if he is not ethiopian because he changed citizenship, arent you writing off hundreds of thousands ethiopians including the big wigs in the opposition like dr.brhanu, elias, tamagn etc etc..who are american citizens...does your brain even think man. do you even have one...lol...
11/06/12 @ 15:56
Comment from: TEDDY [Visitor]
Hey Belay ,I am talking of the same Guy .Who is enjoying FREE CREDITS from Ethiopian Peoples WEALTH for the Benefits of Saudia Arabia .Your Agazi boss have many interests dealing with this guy .But not a single penny for the Ethiopian Peoples .
11/07/12 @ 02:35
Comment from: TEDDY [Visitor]
Ash ,the 3.5billions $ deposed by Agazis in Tax Heaven Countries are finally enough to invest on the Mining Fields .By the past time the then Crime Minister and the actual were promoting Mixte Economic Activities .Time to prove of their Legimaties by giving the opportunity to the Ethiopian Peoples .They said they are taking examples from China ,as you know Chinese State has given the opportunity to local Investors to conquer the market and be competitive .
11/07/12 @ 02:44
Comment from: ager wodad [Visitor]
@teddy!
Are you one of those Ertrean children whose parents kicked out of Ethiopia ,after they work hard all their life?Don`t blame Ethiopians ,blame you leader.You are so bitter .Why?
11/07/12 @ 11:48
Comment from: Tulu Proud ET [Visitor]

Belay,
aka the adgi from Adwa

The TPLF wolf covered in sheep clothing, we know who you are. Why are you ashamed to name yourself with your tribal Tigre name?

What we see happen is your Tigre tribe leaving out of Tigray and herding into our area, or zones and land and zapping all natural resources.

Alamoudi and people like you are all opportunists and thieves.

Don’t compare being a Saudi citizenship with American or European. The west gives citizenship to people who escape from persecution and tyranny regardless of religion or race. Whereas in Saudi Arabia it absolutely impossible for anyone to get citizenship unless you are a born Muslim Saudi Arabia citizen. There is zero tolerance or no room for compromise for any foreigner to get citizenship.

So Alamoudi is a Saudi citizen not Ethiopian.
The only reason Alamoudi and TPLF are married is because they are both foreign collaborators looking like as Ethiopians on the outside but foreigners by heart. All the conspiracy to loot and divide Ethiopians that is going on now has been made in Saudi Arabia and in Arab counties since 1980.

Woyanes action is a living proof. A government that cares for its country doesn’t allow one strange person and foreigners to own its natural resources.

It is only Woyane who hates and doesn’t believe in Ethiopia and sees themselves strong by weakening and looting Ethiopia.
11/07/12 @ 14:01
Comment from: TEDDY [Visitor]
Ager Awaradge ,the guys whom you are looking are not fare inside your own Agazi Ranks ,First Adgi Banda the Shabyan Ass Hole ,Amice Banda born from a Facist Ashkeri and an Asmera Prostitute infecting daily this website ,Second his Thuggy Sist Agasess and the whole Amice boys actually skattering Menelike Palace next Little tyrant the Primate Minister HD .I mean Bereket ,Samora ,Berhane and Co...LOL !!!!!!
11/07/12 @ 14:12
Comment from: Tulu Proud ET [Visitor]

Teddy,

I appreciate your comments. You incredibly show to have deep knowledge and understanding of the situation in Ethiopia and Woyanes evil agenda.

What “ager wodad” want to mean is “Looting Ethiopia wodad”. This parasite wants to keep looting Ethiopia. Now TPLF is in control they dropped their liberation agenda and are pretending as Ethiopians just to suck wealth.

All those Woyoane supporters (Tedla, Belay, Gebru, addis zemen)are Tigres ashamed to use Tigre names. They are hiding behind Amara names to get acceptance because Amaras are known to love Ethiopia and neutral from ethnic and tribal inferiority baggage.

What they missed to understand is Amaras are not known to collaborate with foreigners, to loot and zap wealth.

It is by the honest convictions and fight of Amaras and other Ethiopians that the wealth of Ethiopia was well preserved. That is what Woyane gold diggers found and are embezzling with. Of course Woyanes are acting like as if there is no tomorrow or next generation because they are not Ethiopians by heart.
11/08/12 @ 13:33
Comment from: Gebru [Visitor]
@ Tulu Proud ET [Visitor]

As you wrote your comment based on racist idology such as "All those Woyoane supporters (Tedla, Belay, Gebru, addis zemen)are Tigres ashamed to use Tigre names"

Here is the correction:

1st: There is no such party name at this moment called "Woyoane" that was back in the day in the begining of the armed struggle.

2nd: I'm not representing any one if you want to know about my self I'm a proud Ethiopian who hates arogant self claimed politician or activist in the Diaspora.

3rd: You better believe it EPRDF will rule Ethiopia for the next 20 years by then "Abaye-Dam" will finished.

Finally I felt sorry for you arogant diaspora keep your bla, bla, bla for ever "GURA"
11/09/12 @ 03:28
Comment from: Tulu Proud ET [Visitor]
Gebru
aka Bereket from dedebit

You will not fool anyone just because you gave yourself an Amara surname. You don't want to use your looter name.

Woyane is TPLF and EPRDF. You can flip it in anyway but the fact is Woyane is the same parasitic Tigre group that creates 1 Million people and children homeless and surviving on by eating trash in Addis Ababa. Go to Kora village and you will see that.

While this is true the rest of the country, the peasants and the farmers are also living in the same worse condition while Woyanes are lying about the 11% economic growth and stealing.

Racist? Me? Lol. There is no racist people more than Tigres. We are living and witnessing it. Look at you!!!
11/09/12 @ 14:39

Comments are closed for this post.

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