Two companies have reportedly been given permission by the Ministry of Mines to produce high quality alluvial gold. The licensees are nearby companies going by the names BEAKA Total Business and Ilnet Technology Group.
“BEAKA” was given a licence by the Majang Zone, Mangsh District, and Gambella National Regional Government, and more than 138 million 643 thousand Birr have been set aside for the project.
“BEAEKA” was given a licence by the Majang Zone, Mangsh District, and Gambella National Regional Government, and more than 138 million 643 thousand Birr have been set aside for the project.
It has been stated that during the following four years, 911,697 kilogrammes of gold will be produced, and about 40 Ethiopians will have prospects for permanent employment.
In the Assosa, Hudulu, and Benishangul Gumuz districts, “ILNET TECHNOLOGY GROUP” is the other authorised company.
The building is anticipated to be constructed in three months and to start operating as soon as the ten-year permission expires.
Over the next four years, Kubanwya will reportedly produce 440.58 kilogrammes of gold and provide secure work for more than 30 Ethiopians.