Monday, August 02, 2010

Gold, Hydro-electricity and the Nile the new Ethiopian Export Products

Global Strategic Enterprises, Inc for Peace and Prosperity-

Dear Patriotic Global Citizens, Friends of African Union & Greater Ethiopia Without Borders:

Re:  Improving Global Export Market in Precious Metals, Rivers and Hydro-Electricity

It is amazing that Ethiopia the mother of Egypt, Greece, Rome Civilizations  that has sustained those civilizations with Knowledge based SMART leadership and natural resources, continue to have a series of modern clean energy sources such as precious metals like Gold, water, rivers and Clean Energy Sources such as solar, hydroelectricity and wild animal and nature reserve like Nech Sar Park in the Southern region o f Lake Abaya and Chamo continues to make a unique contribution to modern global integrated market.

The recent speech by former British PM Gordon Brown at the 15th African Union Summit  in Kampala, Uganda clearly shows that there is competition between the French and the British to access African Resources.

The Chinese have been ahead and are building all the infrastructures needed to access African Resources, and now the Arabs are at the fore front with Ethiopian precious metals like Gold.

Truly, Ethiopia and Africans have to utilize the current ecological and economic crisis to develop Sustainable Security, Good Governance and Progressive Prosperity.

This is the age of New Clean Technology and Africa should lead the way by making sure that its One Billion Citizens will benefit and even prosper from the current crisis.

Remeber:  Someones' Crisis is somebody else's Opportunity

Now it should be Africans Opportunity and Ethiopia should lead the way by galvanizing the resources of One Billion people of African descent scattered all over the world

May our citizens and leaders ensure that we do not miss this new boat of opportunity called "Global Ecological and Economic Crisis.

I look forward to your perceptive and creative perspectives

with regards


Ethiopia triples gold revenue to $300 mln

Mon Aug 2, 2010 2:30pm GMT

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By Barry Malone

ADDIS ABABA (Reuters) - Ethiopia has almost tripled earnings from gold exports to $300 million in 2009/2010 from $105 million in 2008/2009, outpacing plans to double revenue this year, its mines minister said on Monday.

"We've gone up to $300 million mainly thanks to stabilising the market and introducing incentives for our artisan miners," Minister for Mines and Energy, Alemayehu Tegenu, told Reuters in an interview.

The independent miners, who were now guaranteed steady prices from the central bank, had brought in $100 million of the revenue, he added.

A fledgling gemstone industry raised $1.245 million, the minister said.

Alemayehu said Ethiopia had identified possible gold reserves of up to 500 tonnes in different regions and wanted to attract investors interested in exploration.

"We have 86 Ethiopian and international companies exploring for gold, base metals and gemstones like opal, emerald and ruby but we're ready to offer a total of 180 licenses so we're inviting investors," Alemayehu said.

Out of the 86 companies, 30 are exploring for gold, according to the ministry.

Saudi Arabia's Midroc Gold Co. and Britain's Golden Prospecting Mining Co. discovered recoverable deposits estimated at more than 40 tonnes of gold last year and were awarded extraction licenses.

The International Finance Corporation (IFC), the World Bank's private sector lender, in May invested $5 million in the fledgling sector through Nyota Minerals (NYO.L).

Nyota has announced a maiden inferred resource of 690,000 ounces of gold at the Tulu Kapi project, 500 km (310 miles) west of the capital Addis Ababa.

Overwhelmingly reliant on exporting commodities like coffee and sesame, the Ethiopian government predicts growth of about 10 percent for 2010/2011. The International Monetary Fund says the economy will grow by 7 percent.

Ethiopia has made $450.5 million from about 48 tonnes of gold exports in the last 10 years, according to the central National Bank of Ethiopia.

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