Portal at the
Sakaro gold mine
in Ethiopia
Addis Ababa, Ethiopia — 02 July 2013 – The Ethiopian Ministry of Mines has announced that the government earned US$419 million from the export of minerals supplied by artisanal miners operating in the country in the first 11 months of the current financial year.

Export of gold made up the largest proportion, generating US$409.1 million in foreign currency, with gemstones and tantalum earning US$9.3 million and US$1.6 million reports allAfrica.com. This income came from the export of 7878.3 kg of gold, 20,126.3 kg of gemstones and 32.95t of tantalum.

The export of minerals has become Ethiopia’s second largest foreign currency earner, contributing over 23% of overall export earnings.

The Ministry of Industry has also announced that during the same period Ethiopia earned US$254.7 million from the export of manufactured goods. Exports include textiles and clothes, leather and leather products, agro-processing, pharmaceuticals and chemicals.

More than US$111 million of this came from the export of leather and leather products, over US$90.7 million from textiles and clothes, US$45.6 million from agro-processing and US$7.3 million from pharmaceuticals and chemicals.

Source: allAfrica.com. For more information, click here.