Ethiopian Civil War - One-Sided Corporate Media Coverage and Hopeless Victims

Ethiopian Civil War - One-Sided Corporate Media Coverage and Hopeless Victims

Dec. 28, 2021

Freedom Over Censorship, Truth Over Narrative

Is Ethiopia a rich country?

The US empire and the NATO European nations are behind these atrocities. Ethiopia is rich in natural resources there for the collapsing empires to steal for the banks and corporations.

23 Minerals in Ethiopia with Details (Gold, Gemstones, etc.)

Ethiopia is indeed the land of plenty, with resources found in abundance throughout its huge and diverse land mass.

Geological surveys conducted on minerals in Ethiopia, have shown formations that are believed to contain a vast amount of mineral resources, with proven deposits of industrial minerals, coal, precious metals and metals.

Fortunately, with the vast changes taking place due to the reforms enacted by Prime Minister Abiy Ahmed, peace has returned to Ethiopia albeit some internal ethnic based violence which is being resolved.

Gold is king when it comes to exportable mineral commodities in Ethiopia, bringing in about $300 to $500 million each year.

Massive gold deposits believed to have once been mined by the ancient Egyptians and the legendary Queen Sheba were recently discovered in Assosa, located in the western part of Ethiopia.

The Assosa gold deposit is just one of the many yet untapped sources of gold that could easily put Ethiopia in the top 5 gold producing countries in the world.

Concerning gemstones, opal leads the pack with over 98% by exports value and almost all are exported in their rough form, due to the lack of a developed industry.

Aside from opal, the following are some of the proven gemstone deposits: aquamarine, tourmaline, amethyst, emerald, garnet, peridot, and sapphire.

Oil and gas in Ethiopia has a history which is a little over a century old. In 1860, an oil seep was discovered, but it wasn't till the 1920's that inexhaustible seeps of oil were verified.

The Ogaden basin in the Somali Regional State covers 135,000 square miles (350,000 square kilometers) and is believed to hold massive reserves of natural gas and crude oil.

In 2018, Poly GCL was fortunate enough to have struck oil at their oil field of Hilala at the Hamanlei formation, where they had drilled three exploration wells.

All of the three wells have shown gas reserves with 2 of them having oil flows.

According to research done by Swedish Geological AB, Ethiopia can be a major international supplier of minerals, specifically copper, gold, tantalum, potash, iron ore, and coal.

Gold located within modern day's Ethiopia has been mined for centuries and it is believed that the Assosa gold mine could be the oldest mine in the world, dating back over 6,000 years.

Ethiopia has a very favorable investment climate when dealing with minerals, while royalty rates are mostly the same as other countries in Africa, equity and tax rates are incredibly low with a mere 5% equity requirement.

With more than 112 million people (2019), Ethiopia is the second most populous nation in Africa after Nigeria, and the fastest growing economy in the region.

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Sources:

https://allaboutethio.com/23-minerals-in-ethiopia-details-gold-gemstones.html

https://fortuneofafrica.com/ethiopia/2014/02/11/natural-resources-in-ethiopia

https://www.ethiousatour.com/interesting-facts-and-answers-to-questions/readers-ask-why-ethiopia-is-developing-fast.html

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