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Bloomberg reported Ethiopia’s government is looking for investors from China and Germany to buy a stake in its tantalum producer.
Bloomberg reported Ethiopia’s government is looking for investors from China and Germany to buy a stake in its tantalum producer.
As quoted in the market news:
The sale of part of the company will help fund the expansion of the Kenticha mine and construction of a factory to process the rare earth metal, Zerihun Desta, general manager of Ethiopian Mineral Development SC, or EMDSC, said in an interview yesterday in Addis Ababa, the capital. Tantalum is used in transistors for mobile phones, computers and digital cameras.