2,541 Million Kg Gold From Traditional Gold Miner

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Traditional gold miners have supplied 2,541 kg of gold to the National Bank of Ethiopia (NBE) in the first four months of this fiscal year, the Ministry of Mines (MoM) said.

The gold was supplied by miners in Tigray, Oromia, Benishangul Gumuz, SNNP and Gambella regional states, according to Bacha Faji, public relations head at the Ministry.

Over 100 million dollars was obtained from the gold supplied to the Bank, he said. According to him, the miners failed to attain their target of supplying 3,600 kg gold.

Bacha said the government has been providing support to traditional gold miners in an effort to increase exports.

The Ministry has set a plan to collect 18,000 kilograms of gold from the over 500 traditional gold miners in the aforementioned regional states this fiscal year, it was learnt.