East Africa Metals ‘strike’ gold in Ethiopia

2018-08-30T12:22:16+00:00 August 30th, 2018|News|
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Toronto-listed East Africa Metals has made significant progress in getting approval for its gold projects in Ethiopia.

East Africa Metals

East Africa Metals has received approval for their mining operations in Ethiopia.
Image credit: East Africa Metals

Africa-focused exploration company East Africa Metals (EAM) has received approval from the Ethiopian Ministry of Mines, Petroleum and Natural Gas (MoMPNG) for the Environmental and Social Impact Assessments (ESIA) for the Mato Bula Gold Copper and Da Tambuk gold projects.

According to EAM’s president and CEO Andrew Lee Smith, the approval of the two project ESIA reports is a major step in the mine permitting process. “The comprehensive ESIAs demonstrate that both the Mato Bula and Da Tambuk projects can be developed in accordance with the environmental and social responsibility requirements of Ethiopia. Furthermore, the ESIAs confirm support from government and local communities for both projects,” says Smith.

EAM submitted mining licence applications for the projects in December 2017 and in April 2018 provide formal responses to the MoMPNG’s comments on the applications. The next step in the mining licence application process is for the MoMPNG to prepare draft model mining licence agreements for the company’s review.

EAM previously received a mining licence agreement for the Terakimti Gold Heap Leach project and, upon receipt of the two additional mining licence agreements, the company will get approval for the development of three mining projects in Ethiopia.