Welcome to Tigrai Online,      Daily News that matters


Ethiopia’s economic backbone will be mining

Tigrai Online March 09, 2013

Ethiopian economic backbone will be mining
Ethiopia’s mineral base is varied and, given that there is still plenty of mileage for modern exploration, has the potential to be vast.

Sub-Saharan Africa was at the fore of the Prospectors and Developers Association of Canada’s 2013 show, with projects from West, Central and Southern Africa firing the imagination of many delegates and even grabbing several headlines. One region worthy of close attention is Ethiopia.

The wars and famines that scourged the country three decades ago are, thankfully, a thing of the past. Today, Ethiopia is rapidly changing and has recorded constant growth over the past several years. This is having a noticeable impact. For example, infant-mortality rates have fallen by 40% since 2000, according to The Economist. Low wages are rising and the agricultural sector, still the most important component in terms of gross domestic product, is being modernised at a quickening pace.

However, there are still many challenges. For example, inflationary pressures need to be kept in check, while overhauling the country’s road and rail access remains pressing. Power is another critical concern. To help overcome these problems, Ethiopia is looking to develop a progressive resource sector, with particular attention being paid to mining and minerals extraction. For this to happen, the country continues to require foreign investment and mining expertise.

“Ethiopia is a big country, with a population of over 80-million. We are fast-tacking our development, aiming to become a country of middle-income earners,” Ethiopia’s Minister of Mines, Sinkinesh Ejigu, told Mining Weekly Online. “We are seeking development partners [in the mining sector], and want to work with them to deliver mutual benefits and profits.”

Ethiopia’s mineral base is varied and, given that there is still plenty of mileage for modern exploration, has the potential to be vast.

Source: Mining Weekly - http://www.miningweekly.com/article/ethiopia-mining-to-be-economic-backbone-as-allana-outlines-progress-2013-03-07

Advertisements

Sponsored Links

More Articles

Nile Basin Countries celebrate Nile Day in Bahr Dar

Ethiopian to Inaugurate New Perishable Cargo Cold Storage Facility

Yityish Aynaw Ethiopian Jew crowned as Miss Israel 2013

Heineken to build the largest brewery in Ethiopia

Sheik Mohammed Al Moudi wins libel action against Ethiopian Reviews and its Editor

Open Letter to Prince Kahlid Bin Sultan, Deputy Defense Minister of Saudi Arabia

Ethiopia, The Proud Host Of Two Key Continental Events

Abune Mathias is elected as the 6th Patriarch of the Ethiopian Orthodox Church

World Bank impressed about Ethiopian impressive Successes in Health

Tullow Oil Discovers oil in Ethiopian

A Saudi general goes berserk against The Ethiopian Grand Renaissance dam

Ethiopian MRO Services Develops Overhaul Capability for the CFM56-3 and CFM56-7 Engines

Defining Heroism in Ethiopia

International Rivers and the Omo - short on fact and long on fiction again!

Ethiopia's Strategic Resolve to Building the Grand Renaissance Dam

Pinko unveiled six Ethiopian versions of its signature cotton Pinko Bags

An interview of Melaku Bedada from the Embassy of Ethiopia in D.C. with Tsehaye Debalkew of Selam radio

Lekatit 11 Celebration in Washington DC 2013 (photos)

Meles Zenawi: Dedicated peace advocate and a brilliant military strategist part II

Ethiopia manufactures first military unmanned aircraft

From Economic Dependency and Stagnation to Democratic Developmental State

Yayu the largest Fertilizer Plant in Ethiopia progress video report

Long live Meles Zeanwi and his party TPLF/EPRDF

Terra Global Energy launches 400 MW Ethiopia Wind Project in Debre Birhan

Our heroes and heroines deserve a war memorial:

He who denies history denies himself: Reading between Abubekr Ahmedfs teaching

Meles Zenawi: Dedicated peace advocate and a brilliant military strategist

Demanding the impossible at gunpoint is terrorism

Meles Zenawi the father of Ethiopian modern military doctrine

Don't We Really Yearn to Hear About an Ethiopian Success Story?

Why Election Boycott Is a Suicidal Idea and a Surer Road to Political Extinction

Ethiopian Deputy Premier Discusses Success of Ethiopia's General Education Quality

A Documentary film of terrorists in the name of religion in Ethiopia

TPLF: The Price of Complete Victory

Ethiopian to Host Major International MRO Conference

Faces of Africa 01/21/2013 Meles Zenawi: The man who gave back

The pursuit of restoring an abdicated Patriarch is quixotic

Ethiopian Diaspora Politics and the People of Tigray

Africans are not comfortable about the way the west perceive China-Africa friendship

Ezana Mining Development Builds $17.8m Gold Plant in Tigrai State, Ethiopia

Travelport and Ethiopian Airlines Renew Partnership Agreement

Deputy Prime Minister Demeke Mekonnen meets Gordon Brown, UK Parliamentarians

What does it take for Ethiopia to be food Self Sufficient?

The case for the National Team Name: Walia or Black Lions?

Ethiopian to Commence New Flights to Ndola, Zambia

Ethiopia, Marching Forward on a ramshackle economic growth

EPRDF as a custodian of Ethiopian culture and heritages

ESAT TV, stop your hate propaganda against the people of Tigrai

Ethiopian and Qatar Armed Forces Chief of Staffs hold talks

Eritrean regime arrested high government officials in connection to the failed coup

Population Explosion and Population Crash

Some brave Eritrean youth Occupied the Eritrean Embassy in London today