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Exploration Status in Ethiopia
Foreign companies (FDI) such as Nyota Minerals Limited, ASCOM, NMic, Midrock Gold plc, Sheba Exploration Ltd. and Aberdeen INC and others are in advanced stage of Exploration and drilling for gold and associated metals. In fact Nayota in the process of acquiring a large scale mining license for gold and associated minerals.
One foreign (Canaco Ethiopia (Barbados) Inc.) joint Venture with Local company is doing advanced exploration and development of Gold and base metals.
Some other foreign companies are in exploration of tantalum-Niobium.
A number of other companies are on follow up and detailed gold and other minerals Exploration stage.
Some Companies (like BHP Biliton, G&B Central Africa Resources, Saink Potash Mining, Canadian companies, etc…) are on development and mining stage of various industrial minerals like potash, cement raw materials and others.
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