Ethiopia Gold Discovery Has Potential to Double Output

Bloomberg reported that National Mining’s discovery of gold deposits in Ethiopia holds the potential to substantially increase the country’s gold output.

As quoted in the market news:

Exploration conducted over 15 years shows the Okote site in Ethiopia’s Oromia region has more than 550 tons of gold, of which 73 tons may be ready for extraction within 24 months, Chief Executive Officer Melaku Beza in an interview on March 12 in Addis Ababa, the capital.

Click here to read the full Bloomberg report.