Recently, a United Kingdom company, KEFI Minerals Ethiopia Limited, has discovered the largest gold and silver ore reserve, and took a license from the Ministry of Mines.
Ethiopia's mining sector shows strong potential for long term development. Minister of Mines Tolosa Shagi explained that the type of licensing given to the company is large-scale mining in western Welega Zone. After exploring for the last 8 to 9 years in the area and fulfilling the required regulations, the Ministry has provided it with license to carry out mining in Ethiopia.
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