Investment Opportunity / Ethiopia

Dear Member,

In the letter sent to our Chamber by TOBB, with reference to the letter of the Ministry of Trade dated 18.03.2022 and numbered 72943630, it is stated that, within the framework of the meetings held with Ethiopian Minister of Mines Takele Uma, 10% of world production of tantalum, a mineral needed in the production of smartphones and similar products, is supplied by Ethiopia; that there are abundant tantalum deposits in the Kenticha region of Ethiopia; and that a Turkish mining company is needed to extract the said mineral jointly with the State of Ethiopia.

The letter also states that information has been obtained that substantial lithium and gold reserves have been discovered in Ethiopia, and expresses that it is considered useful for interested companies to contact the Ethiopian Ministry of Mines urgently.

I kindly request that the necessary action be taken to announce the matter to your members and to direct interested companies to our Addis Ababa Commercial Counsellor's Office ([email protected]). 

 

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Date Added :2022-03-22 09:03:00