Ezana Mining to Launch Gold Project in Ethiopia

Ezana Mining Development is set to launch a large scale gold mining project in Tigray Regional State, Northern Ethiopia. The mining development company signed an agreement with the Ethiopian Ministry of Mines late last week.

The agreement signed between Sinkenesh Ejigu, Minister for Mines and Ataklit Araya, General Manager of the mining company will enable Ezana to launch large scale gold mining activities. It was noted at the time that Ezana has already been operating gold prospecting activities in the area with significant results.

The mining company plans to invest 393.7 million birr to implement its project with plans to mine 2017 kilograms of gold in the next two years. The project is expected to open employment opportunities for more than 106 people it was said.

Ezana has become the second company to obtain a large scale gold mining license in Ethiopia after MIDROC Gold which has been operating the only large mining effort in the country.

Ezana is the second company to secure large-scale gold mining license in Ethiopia. So far MIDROC Gold is the only company engaged in large-scale gold mining activity in the country. It is to be remembered that the British company, Nyota Minerals, has submitted an application for a large- scale mining license to enable it to develop the Tulukapi gold mine in West Oromia.

Source: The Reporter