Bloomberg News
By William Davison
May 30, 2012
National Mining Corp., a closely held company majority-owned by Saudi billionaire Mohammed al-Amoudi, said it has 128 tons of gold ready to be mined at its Okote project in south Ethiopia.
“With very little exploration work and by undertaking a definitive feasibility study the reserve could be turned into a big mine,” the Addis Ababa-based company said in a statement e- mailed today.
Read more at Business Week.
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Related:
Saudi Star Offers Jobs to Overcome Criticism of Ethiopia Project (Bloomberg News)