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In 1970, South Africa produced 995 tonnes or 32 million ounces of gold, two-thirds of the world's production of 47.5 million ounces. [2] Production figures are for primary mine production. In the US, for example, for the year 2011, secondary sources (new and old scrap) exceeded primary production. [3]
More and more gold mines are being located, such as in the Afar region and in the Konso woreda in south western Ethiopia. [8] On 30 August 2012 it was announced that British firm Nyota Minerals was about to become the first foreign company to receive a mining licence to extract gold from an estimated resource of 52 tonnes in western Ethiopia. [9]
The Lega Dembi Mine is the largest gold mine in Ethiopia and is near Shakiso in Oromia Region. [1] [2] Lega Dembi has a yearly production of around 4,500 kg of gold and silver, and is owned by MIDROC. [3] Pollution from the mine has resulted in environmental conflict that has exacerbated other political and ethnic conflict in the region ...
Wall Street analysts expect gold's rally to keep going in 2025 after the precious metal saw its biggest annual jump in 14 years. On Thursday, gold futures jumped more than 1% to hover above $2,670 ...
The Ministry of Mines and Petroleum (Amharic: የማዕድንና ነዳጅ ሚኒስቴር) is the Ethiopian government department responsible for management of mining and petroleum sector in Ethiopia. It was established in 2018 under Proclamation No 1097/2018 and Melese Alemu served as the first Minister of the position.
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The style of the cross was common in its time and those of this style are often simply referred to today as "Lalibela crosses". The cross is thought to date to the 12th century. It is around 60 centimetres (24 in) long and weighs around 7 kilograms (15 lb). It is made from one piece of metal, either gold, or bronze and gold. The central cross ...