Ethiopia opens 600-tonne-a-year precious metals refinery
By the AFREEQUE newsroom, based on Mercado
Ethiopia has inaugurated a precious metals refinery in Addis Ababa capable of processing more than 600 tonnes a year, including to produce gold and silver bars for export. The project is intended to attract the processing of African minerals and strengthen local transformation, according to the Ethiopian Prime Minister’s Office.
Ethiopia has inaugurated a precious metals refinery capable of processing more than 600 tonnes a year. The new National Precious Metals Refinery is intended to attract gold producers from several African countries and retain a greater share of the value generated by mineral processing on the continent, reports Portuguese media outlet Mercado.
Ethiopian Prime Minister Abiy Ahmed inaugurated the facility on 10 October in the Bole Lemi special economic zone in Addis Ababa. The project brings together Ethiopian Investment Holdings, the Ethiopian state-owned investment company, and Sam Precious Metals, a Dubai-based company that also operates in Egypt, according to Mercado.
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Summary produced with the help of artificial intelligence tools, under AFREEQUE’s editorial responsibility.
