Ethiopia’s gold potential could rival South Africa’s
Much more gold might be found in Ethiopia than was previously thought. New research by the University of Aberdeen suggest that gold should be abundant across the Asoza zone in the east of the country – both in quartz veins but also elsewhere in the schist and pegmatite rocks in which they are located. “It probably is no exaggeration to say that Ethiopia’s gold potential could rival South Africa’s, which would put it somewhere around the top five gold producing nations in the world,” quoted The Conversation. There are also signs of substantial graphite deposits, which are important for everything from touch-screen tablets to lithium-ion batteries.
Several mines are up and running, neither of them in Asosa. One is at Lega Dembi slightly to the east, owned by Saudi interests. The other, at Tigray in the north of the country, is owned by American mining giant Newmont, and just started production late last year.