November 25, 2019 (Ezega.com) -- The second Ethiopian International Mining Conference and Exhibition kicked off today in Addis Ababa, Ethiopia.
The conference was organized with the theme “Transforming potential into production by creating an attractive mining investment framework.”
The event which brought together policymakers, financial and business institutions as well as national and foreign investors was organized by the Ethiopian Ministry of Mines and Petroleum in association with AME Trade Ltd, United Kingdom.
The second Ethiopian International Mining Conference aimed at becoming center for opportunity for investors to engage, invest in and find a partner in the mining sector, which is believed to have a large potential.
In an opening remark, Dr. Samuel Urkato, the Ethiopian Minister of Mining and Petroleum, reflected on the importance to explore and promote the mining industry.
The Minister also noted the growing activities in the mining sector that have strong potential to contribute to Ethiopia’s long-term development, social progress, and economic growth.
“Ethiopia has a huge potential in a diverse range of mineral resources like gold, gemstones, tantalum, industrial minerals, potash, lithium & rare earth metals. The mining’s potential to contribute to economic growth and poverty reduction in the country could not be over-emphasized,” the Minster Emphasized.
“Under Ethiopia’s Growth and Transformation Plan (GTPII), the government is planning to use the mining sector as a key pillar to make Ethiopia a middle-income country by 2025,” he added.
“To achieve this target and to successfully leverage its mining sector for economic growth and sustainable development, Ethiopia will have to learn from the experiences and good practices of more mature mining economies and make use of available frameworks and guidelines,” the Minister said, concluding his speech.
Over the past decade, African-owned initiatives have emerged advocating for a transformative policy directive to harness Africa’s natural resources for industrialization through linkages and diversification with the rest of the world.
Being one of the countries that are making effort to support the development of the Mining Sector, Ethiopia calls for an implementation plan for the mineral policy to translate the vision, mission, goals, and strategies into tangible and sustainable socio-economic development gains for Ethiopia, Africa as well as the rest of the world.
The second Ethiopian International Mining Conference will close tomorrow passing a different set of action plans to achieve concrete results in the Mining sector.
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