Business
YO Holding in Talks with Kenya’s National Cement for Coal Exports
BirrMetrics · 4 days ago · Read the Full Story on BirrMetrics
AI SUMMARY
YO Holding has begun discussions with Kenya’s National Cement to export processed coal starting in 2027 while prioritizing the growing domestic industrial market.
- YO Holding is in talks with Kenya’s National Cement over potential exports of processed coal from 2027.
- Ethiopia's domestic cement industry coal consumption sourced locally rose from zero in 2020 to 65.85 percent in January 2025.
- The mining group produced 450,000 tonnes of coal in the 2025/26 financial year and 200,000 tonnes so far in the current financial year.
- YO sources 40 percent of its raw coal from its own operations and aims to reach 100 percent self-sufficiency within three years.
- The company's Boreda operation in the South Ethiopia Regional State covers 20,000 hectares and has a potential annual production of one million tonnes.
- Ethiopia's total annual coal requirement is estimated at 2.5 million tonnes, with cement producers accounting for most of the demand.
- YO is discussing with a China-based company to replace its mining fleet with electric vehicles by 2027 to lower operating costs and emissions.
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