Ethopia has called on the organised private sector and international investors to assist Ethiopia in its efforts to extensively exploit its untapped mineral resources.
Ethiopia’s Minister of Mines, Tolesa Shagi who made this call at the opening of an International Mining Conference and Exhibition in Addis Ababa said Ethiopia’s mineral resources had not been fully tapped although the nation is endowed with rich mineral resources including all kinds of ores, gems and fuels which could be easily developed.
The minister emphasized that Ethiopia’s investment policy was generally established under the principle and practice of a free market economy and added that the government has created a favorable environment to promote private investment in the mining sector.
Minister Shagi went on to stress that the government was committed to managing all revenues generated from the mining sector in a transparent and accountable manner in order to benefit the nation from the resources of the sector.
The conference aims to attract as many investors as possible through providing information about the country’s mineral resources and make it one of the most favorable mining investment destinations in Africa.
The conference attracts more than 200 representatives from several countries and other development partners.