By: Our staff writer
Addis Ababa (Ethiopia Today), May May18,2018:- The authorities in Ethiopia’s Oromia Mineral Development Authority called on investors and associations that are engaged in the mining industry across Oromia to re-register their businesses between May 17 and 20, 2023.
The authority stated that smuggling and widespread illegal activities in the mining industry had become bottlenecks for the proper management of the industry in the region.
With a view to addressing the problem and enhancing the region’s mining industry, the authority is carrying out various activities. Accordingly, a new mining development standard is issued, and there are plans to amend the existing mining development agreements.
The authority warned that any company or entity that would not be registered until May 20 would be considered illegal.
Oromia is reported to have untapped mineral potential. However, the regional state has only utilized 10% of its mineral resources. The Oromia Mineral Development Authority was reorganized in 2019 with the aim of improving its working capacity. Gold, copper, coal, emerald, and gypsum are some of the minerals that are found in the regional state.