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Ethiopia has suspended a mining licence for MIDROC Gold company owned by Saudi billionaire Mohammed al Amoudi after more than a week of sometimes violent protests in a town near the mine.

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Ethiopia Agrees to Suspend MIDROC Gold Mining After . Pressured by more than a week of sometimes deadly demonstrations Ethiopia's mining ministry agreed late Wednesday to suspend the gold mining operations of a company accused of releasing dangerous chemicals in the country's south.

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Midroc was building the new Sakaro Mine the development of Jillaye could allow the company to continue gold mining until at least 2030 (Haileyesus 2011 Mesfin 2012). In late December 2011 National Mining Corporation plc (NMC) announced the discovery of 550000 kg of contained gold resources near Shakiso.

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4MB MINING. 4MB Mining Ltd is a company formed in January 2017 that has a joint venture with the government of South Sudan. The company has been granted the license to explore mine and produce gold and other minerals throughout the country.

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A giant US gold mining company Newmont which is developing a largescale gold mine jointly with Ezana Mining Development (an Ethiopian company) in Shire Northwestern zone of Tigray Ethiopia. Newmont Mining Corporation based in Colorado USA is one of the leading gold mining firms in the world. 2. Cement marble gypsum factories.

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Ethiopia: Mining Firm’s License Renewal Fuels Protests

May 08 2018nbsp018332They want the license to be revoked since the company has been mining gold for export without contributing to the local economy or the society’s wellbeing Galchu said. Bacha Faji a spokesman for Ethiopia’s Ministry of Mines Petroleum and Natural Gas said the renewed contract’s terms direct a share of the company’s earnings

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MIDROC Gold was created a few years after National Mining Corporation (NMC) another subsidiary company of MIDROC Ethiopia took the 20year concession of Lege Dembi Gold Mine from the government in March 1998 for US$172 million.

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EAM through its Ethiopian subsidiary company Harvest Mining PLC has received a mining licence for the Terakimti Gold Heap Leach Project. The Harvest Project contains multiple trends of coppergoldsilverzinc rich VMS systems and numerous artisanal bedrock gold

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MIDROC Gold Mine Pvt. Ltd. (MGOLD) a member of the MIDROC Technology Group is engaged in Mining and Exploration activities in Ethiopia. The company is Read More

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With more than 95 years of history in the mining industry Newmont is one of the world's largest gold producers. Through responsible mining we believe we can create a stronger business and value for all our stakeholders. Read our 2017 Sustainability Report: Beyond the Mine.

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Newmont Mining is another top goldmining company. It has significant operations in North and South America as well as Asia Australia and Africa. Newmont produced 163.8 tonnes of gold in 2017

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