Ethiopian Earnings from Gold Dwindles to Just $32M, a Record LowBy Staff ReporterOctober 10, 2019 (Ezega.com) -- Ethiopia has reported declining revenue from export of gold over the years, the latest being a record low of just $32 million this year, the country’s Ministry of Mines and Petroleum has disclosed. The advisor attributed the devastating earning from the resources to ever increasing contraband trade being carried out at gold extraction sites. Gold is Ethiopia's main mineral export and has been mined since ancient times, primarily as alluvial or free gold. It is also working to introduce a new mineral transaction law to deter illegal actors in the sector. In addition to gold, Ethiopia has reserves of platinum, copper, potash, natural gas and hydropower.

Source: Ethiopian News October 10, 2019 18:22 UTC