Artisan gold miners supply more than 2,552 kgs of gold


Artisan gold miners supplied more than 2,552 kgs of gold worth 132.7 million USD to the National Bank of Ethiopia (NBE) in the first quarter of the budget year, the Ministry of Mines (MoM) disclosed. The gold supplied to the central bank was obtained from Tigray, Oromiya, Benishangul Gumuz, SNNPR and Gambella regional states, according to Bacha Fuji, Public Relations and Communications Directorate Director at MoM. Compared to the same period of the last budget year, traditional gold miners supplied 488 kgs more gold which is an increase of 23.2 million USD in revenue. However, the three months performance is 77 percent of the ministry’s projection for the period. Similarly, the ministry has earned over 2.3 million USD from the export of nearly 4,867 kgs (99 percent of the target) of jewels, Bacha told Walta Information Center.  The three months export is 393.2 kgs and nearly 753, 670 USD more, compared to the same period last year.  Export of tantalum (7.77 tons) also earned the ministry over 293,000 USD, Bacha said.