Friday, 30 Dec 2011
Local media reported that mining giant Vale has entered the Ethiopian mining sector with an exploration license received from the Ministry of Mines.
The Brazilian mining company established an exploration site on a 900 square kilometers concession in the Konso area, Ethiopia.
Mr Marcelo A. Borges First Secretary and Deputy Mission at the Brazilian Embassy said that Vale expects to explore and extract gold as well as seeking other commercially viable minerals such as iron ore.
In Africa Vale is presently active in Angola, the Democratic Republic of the Congo, Gabon, Guinea, Liberia, Malawi, Mozambique, and South Africa.
(Sourced from 2merkato.com)
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