The Ministry of Mines announced that USD 274 million has been earned from gold exports in the last nine months, reflecting an 83% growth compared to the same period last year. The revenue is attributed to a rise in gold production by both commercial mining companies and traditional miners. Combined, they delivered 3.023 tons of gold to the National Bank of Ethiopia. The Ethiopian government announced in March this year the discovery of gold deposits exceeding 517 tons across several regions, including Benishangul-Gumuz, Gambella, Oromia, and Tigray. Plans are underway to build additional facilities in Wollega, Guji, Gambella, and Tigray within the next two years.
