Addis Ababa.- According to the report of the newspaper The Ethiopian Herald, the project, designed to comply with national and international environmental and social standards, will directly employ and train more than 1,000 people by the end of 2019, if everything goes according to plan.
In addition, it would generate significant indirect benefits for long-term local and regional stakeholders, in addition to export earnings, estimated at approximately 200 million dollars per year.
The extraction activities will be carried out by a local entity, Arabian Nubian Shield Resources, with which the authorities signed a financial agreement that grants the company 35 million dollars of profits.
The measure is part of the Government's interest in increasing the participation of local contractors in key development projects, according to the aforementioned media.
Located in the eastern part of the country, these mines have a probable mineral reserve of 1.05 million ounces (oz) and gold resources amounting to 1.72 million.
According to the reports issued, an average gold production of 140,000 ounces per year is expected. (PL)
Escriba su comentario
Post comentado como Invitado