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Ethiopia has earned 513.9 million USD from gold production in the past 11 months, according to the Minister of Mines, Engineer Takele Uma.
This year’s export earnings are the second largest in terms of foreign exchange earnings from coffee exports.
The ministry said the licenses of 972 investors in the mining, production and export sectors who have not been able to carry out various investment licenses have been revoked due to their involvement in harmful activities.
The Ministry of Mines ÷ stated that it is undertaking various reforms to ensure that Ethiopia and its citizens benefit from mineral and natural resources.
It is also indicated that the mining sector is working diligently despite various national environmental challenges.
He said the work done to replace the mining industry inputs that require high foreign exchange is yielding promising results.
