Addis Ababa, June 16, 2011–. Ethiopia obtains over 280.2 million dollars from traditional gold mining over the past 11 months, Ministry of Mines (MoM) said Tamirat Mojo, traditional mines manufacturing and transaction process owner, told WIC that the sum was obtained from proceeds of 6,615 kg of gold supplied to the National Bank of Ethiopia. According to Tamira, this year’s gold supply surpasses that of the same period of the previous budget year by 2,866 Kg. The supply also surpassed MoM’s projection of 3,616 Kg supply of gold from traditional mining for the entire budget year. “This shows that traditional gold mining is growing over time,” Tamira noted attributing the increase in the supply with the rise in the price of gold in the international market. The increased supply also prompted the ministry to target a 7,000 kg supply of gold to the NBE from traditional mining for the next budget year, according to Tamirat. He said that with a view to achieving the target, MoM plans to organize individual miners into associations and provide trainings. There are over 400 associations engaged in traditional mining in Tigray, Amhara, Oromia, SNNP, Benishangul and Gambella regions.(Source..waltainfo.com)
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