New mines of gold discovered in Ethiopia

published 831 days, 15 hours, 44 minutes ago posted by adminadmin 831 days, 15 hours, 56 minutes ago
Monday, October 26, 2009 2:11:14 AM GMT Monday, October 26, 2009 1:59:22 AM GMT

Ethiopia announced on Friday that new mines of gold have been discovered by British and Saudi companies saying it could yield some 41 tonnes. Ethiopia says untapped gold reserve could reach 500 tonnes in different parts of the country. Mining regulations give foreign investors incentives such as duty free imports of equipment and repatriation of profits in 1993.

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