Ethiopian Ministry Licenses Indian Mining CompanyFebruary 17, 2017 - The Ministry of Mines, Petroleum and Natural Gas issued a license to MSP Steel & Power Ltd., an India-based company, in small scale mining production in Oromia regional state. The Ministry licensed the company to engage in the extraction of minerals in West Arsi Zone of Oromia regional state for a period of 10 years, the Ministry told ENA. The license can be renewed for a period of not more than 5 years upon the request of the company. When the company becomes fully operational, it is expected to create jobs for 145 citizens. The company is obliged to fully comply with the federal laws and regulations pertaining to mining and is expected to pursue operational standards.

Source: Ethiopian News February 18, 2017 04:08 UTC