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AAGM: Around 3,000 Kg of Gold Lost Annually.

Asia Africa Intelligence Wire

| August 01, 2002 | COPYRIGHT 2002 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From The Daily Monitor (Ethiopia): AAGM)

Byline: Dagnachew Teklu

Around 3,000 kg of gold is reported to be lost annually due to traditional miners who export gold illegally.

This was disclosed at a one-day consultative workshop held on Tuesday to discuss the country's current mine and petroleum status.

Ato Getachew Tesfaye, Department head at the Ministry of Mine, said that the government is currently designing various export methods in order to encourage the legal export of gold.

He added that Ethiopia is earning foreign currency from the export of gold and Tantalite being produced in modern way at Lega-Dembi, and Kenticha areas respectively. However, he said that much of the profit has ...

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