Mining

Mining sector

Despite a long mining history, dating back more than a millennium, commercial and large scale mining is still in its early stages in Ethiopia. The mining industry is a sector with significant potential for the economy.

Ethiopia’s virtually untapped, diverse and vast mineral resources offer huge potential opportunities for exploration and development. These include tantalum, potash, gemstones, gold, iron ore and various industrial, energy and construction minerals, and many more.

This potential coupled with improving government policies and regulations means Ethiopia is fast becoming a destination of choice for international mining investors and developers.

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Traditionally a gold producing nation, Ethiopia has seen an exponential increase in industrial mineral production in recent years:

Indicator2017/182018/192019/20
Annual mineral revenue (in million birr)434.531323.768407.519
Number of investors licensed on mineral exploration and production182434
Revenue generated from mineral investment (million birr)3.0880.849
Export earnings generated from gold, tantalum, and other gemstones (million USD) (ASM and Companies)133.56848.938209.738
Gold production (kg)2,925.34853.1493,299.26
Limestone (tonnes)10,896,331.826,755,309.004,904,155.38
Gypsum (tonnes)253,165.1156,313.00107,070.0

The Ministry of Mines and Petroleum has prioritised the development of Industrial Minerals, Construction Minerals, Gold, Potash and Gemstones. 

For detailed geological profiles and maps of Ethiopia’s mineral potential, visit our Natural Resources page.

Disclaimer: The official text of the Embassy Website is the English language version. Any discrepancies or differences created in translations are not binding and have no legal effect for compliance or enforcement purposes.

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