Sep 24, 2012 · The country's chief mineral and mining operations in 2010 included gold, cement, crushed stone and dimension stone production. In 2010, Ethiopia played a major role in the global production of tantalum that amounted to 11% of the country's share of global tantalum mine production.
Mining in Ethiopia Gold is Ethiopia's main mineral export and has been mined since ancient times, primarily as alluvial or free gold. At present, Ethiopia has a single large-scale gold mine, Lega Dembi, in the southern area of the country, owned by Midroc (98%) and the Ethiopian government (2%).
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Al Hilal Gold Mining opened a gold detector assembly plant in Addis Ababa, Ethiopia, today. The gold detector assembly plant, which is built around Gofa Square in Addis, hopes to venture into the local and East African gold miners' market by supplying its products at reasonable prices.
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The economy of Ethiopia is a mixed and transition economy with a large public sector. The Ethiopian government is in the process of privatizing many of the state-owned businesses and moving toward a market economy. However, the banking, telecommunication and transportation sectors of the economy are dominated by government-owned companies. Ethiopia has one of the fastest-growing economies .
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