This notice was issued by the joint venture (JV) company KMP, in which members of the Abyssinian group hold a 51% interest, and State-owned Oromia Share Mining Company holds 49%. Through the efforts and investment of the Abyssinian group, an inferred resource of 88-million tonnes, grading 0.78% lithium oxide, and other exploration targets, have been identified. The Abyssinian group’s investments in the Kenticha project are protected by the Netherlands-Ethiopia Bilateral Investment Treaty (BIT). Abyssinian says it remains committed to the Kenticha project and aims to achieve an amicable resolution, such that the Abyssinian group may return to Kenticha and resume pre-production works. The Abyssinian group was ordered to leave the Kenticha site on October 18.

Source: Ethiopian News November 17, 2023 12:19 UTC