The Oromia Regional Mineral Development Authority reported significant progress in the mining sector, exceeding USD 213 million in revenue from various mineral exports within the first nine months of the fiscal year. This surge comes alongside a crackdown on illegal mining activities, particularly in the gold sector.
Deputy Head of the Authority, Tigist Terfe, highlighted the export of 2,526 kilograms of gold, alongside substantial quantities of industrial minerals, jewelry, and iron ore. The combined value of these exports, including proxy products, reached over USD 253 million. This focus on exports aims to generate revenue, decrease reliance on imported minerals, and stimulate economic growth.
The mining sector also catered to the domestic market, supplying iron ore, industrial, and construction minerals valued at over Birr 1.293. This demonstrates the sector’s ability to fulfill local needs and generate export revenue.
Tigist acknowledged past struggles with illegal activities and corruption within the mining sector. The Authority implemented various legal measures, revoking the licenses of unions and individuals involved in illicit practices. The gold production sector witnessed the most significant intervention, with revoked licenses for 159 gold suppliers and arrests of miners and buyers caught with illegally obtained gold.
Plans to further combat illegal activities and boost gold production are in the pipeline to digitize the mining resource and licensing system. Enhanced monitoring efforts in collaboration with security agencies will target areas prone to illegal mining. These initiatives aim to create a more transparent and secure mining environment in the Oromia Region.
Source: Addis Zemen
