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London Court Dismisses Bulk of Turkish Contractor’s Claims Against Ethiopia
The London Court of International Arbitration has dismissed the bulk of a USD 979.9 million claim filed by Turkish company Yapi Merkezi Insaat against...
Antonio Guterres to visit Tigray next week
Antonio Guterres, Secretary General of the United Nations, is slated to visit the war-torn region of Tigray at the end of next week. This...
Final ultimatum to POLY GCL over petroleum project delay
The company needs USD 4.2 billion for the total project development The Ministry of Mines issued a final ultimatum to the Chinese company, POLY GCL,...
Ministry of Mines grants six-month extension to Kefi Gold
The Ministry of Mines granted a six-month extension to the British mining company, Kefi Gold, to commence its gold mining operation in the Tulu...
British mining firm decides to pull out of Ethiopia
The British mining firm, NewAge has pulled-out of Ethiopia after the Ministry of Mines rejected the company's request to extend its license.
Ethiopia takes center stage as host of the AU Summit
The African Union (AU) Heads of States Summit, which was forced to convene virtually for the past two years, is set to meet in person at its headquarters in Addis Ababa, on February 5-6, 2022.
Two mining companies receive final warnings
Two foreign mining companies, YaraDalolBv and Circum Minerals, conceded to surrender their mining licenses in Ethiopia to the government, if they do not start production within the stipulated time frame.
Ministry rejects Kefi Gold’s deadline extension request
The Ministry of Mining (MoM) rejected Kefi Gold's request for an extension of the deadline to launch project development and production of the gold deposit discovered in Tulu Kapi locality of Western Wollega zone, Oromia regional state.
Draft bill obligates banks to secure timely deposit of pension funds
A draft bill presented to the House of Peoples’ Representatives (HPR) sets to impose on banks and related financial institutions a duty to deduct/transfer from accounts of private organizations that collect pension from their employees but fail to deposit the money timely to the Pension Fund.
Council approves four large-scale gold mining licenses
The Council of Ministers (CoM) ratified seven large-scale mining licenses, of which, four licenses will be granted to companies that have requested to extract the Gold reserve discovered in Gambella and Benshangul Gumuz regional states of the country.
