News

Ethiopia to setup a geochemistry lab

The government of Ethiopia has sealed an agreement with a renowned verification, testing, and Certification Company to develop a modern mining geochemistry laboratory.

Ministry of Mines’s deal with SGS will see a facility estimated to cost US $50million developed to allow companies to get testing, verification, and certification in Ethiopia as they country is currently obliged to send their mineral samples abroad for testing and verification.

“The geochemistry laboratory will greatly contribute to our country’s mining sector. We anticipate it to be operational within a year,” said Takele Uma, Minster of Mines.

Large scale mining

Ethiopia gets about one percent of GDP from mining.  They export mainly Gold, diamonds sapphires gemstones and industrial minerals. The country has also deposits of coal, opal, gemstones, kaolin, iron ore, soda ash, and tantalum, but only gold is mined in significant quantities. In Salt extraction from salt beds in the Afar Depression, as well as from salt springs in Dire and Afder districts in the south, is only of internal importance and only a negligible amount is exported.

Commercial and large scale mining however, is still in its early stages in Ethiopia. The mining industry is a sector with significant potential for the economy. Ethiopia’s virtually untapped, diverse and vast mineral resources offer huge potential opportunities for exploration and development. This potential coupled with improving government policies and regulations means Ethiopia is fast becoming a destination of choice for international mining investors and developers.

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Back to top button