Economy
National Precious Minerals Refinery Inaugurated at Bole Lemi Industrial Park
TIKVAH Ethiopia · 2 hours ago · Read the Full Story on TIKVAH Ethiopia
AI SUMMARY
The National Precious Minerals Refinery has been officially inaugurated at the Bole Lemi Special Economic Zone to boost the mining sector and add domestic value.
- A National Precious Minerals Refinery was officially inaugurated at the Bole Lemi Special Economic Zone.
- The facility was established through a partnership between Ethiopian Investment Holdings and Sam Precious Metals International.
- Once fully operational in its first phase, the refinery will have the capacity to process over 600 tons of precious minerals annually.
- The project is projected to generate an annual revenue of approximately 80 billion US dollars.
- The refinery is designed to measure gold purity, produce gold and silver bars in various quality grades, and prepare clean gold for the international market.
- The Office of the Prime Minister stated that the project aims to make Ethiopia a regional hub for precious minerals refining and increase transparency in gold pricing.
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