“Over the past three decades, the town of Dima has focused primarily on artisanal and traditional gold mining, which has often resulted in considerable losses […]. This new investment marks a decisive step towards efficient, high-quality gold mining in a shorter time frame, while addressing the challenges posed by illegal mining,” said the Ethiopian Prime Minister.
Indeed, Ethiopia's attractiveness has improved in recent years, with the introduction of reforms by the authorities.
Its commissioning illustrates the efforts made by several companies in Ethiopia to exploit the country's large gold reserves.
According to the Central Bank, the aim is to increase export revenues generated by gold, which accounted for 5.3% of Ethiopia's export revenues in the 2022-2023 financial year.
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