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Ethiopia to pass laws to boost mining by mid 2010
   
 
 February 05 Posted by: mohammednur | 5-02-2010, 03:52 |
 
   
 
Ethiopia to pass laws to boost mining by mid 2010CAPE TOWN (Reuters) - Ethiopia's parliament will pass new mining laws aimed at boosting investment in the sector by mid-2010, State Minister Sinknesh Ejigu said on Tuesday.

"Parliament will be approving this (legislation)... by mid 2010," she told a mining conference in Cape Town.

Mining contributes 5.8 percent of the country's gross domestic product, with gold, tantalite and gemstones the main exports.

Ejigu said the new mining laws would look at custom duty exemptions and remittance of profits among other incentives.

© Thomson Reuters 2010 All rights reserved
Published - 2010-02-02 11:48
  
 
 


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