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Ethiopia Aiming to License 50 Mineral Projects Every Year

Ethiopia’s government is aiming to license 50 mineral-exploration projects every year and more than double exports from the industry to $1 billion in five years, said an official at the Mines Ministry.

Investment in the mining industry has surged from less than $100 million in 2003 to an accumulated $1.3 billion, said Gebre Egziabher Mekonen, head of the mineral operations department at the ministry.