Ethiopia Obtains over $509 Mln from Mining Sector

2Merkato.com reports the Ministry of Mines has secured more than 509 million dollars from the mining sector.

The market news is quoted as saying,

The amount was secured from gold, tantalum and gemstone producing companies and traditional miners, Sinknesh Ejjigu, Minister of Mines, said.

It was reported in July that the Ministry of Mines had collected 104 million birr in royalty fees 98 million birr of which was paid by MIDROC Gold.

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