06/09/2023, 10:40 Ethiopia’s Coal Production to Hold Cost Saving on Foreign Currency

thiopia’s Coal Production to Hold Cost Saving on Foreign Currency

Ethiopia Coal Production Coal production at the national  

level will help to recover costs
incurred in foreign currency
expenditure on the mineral beyond
encouraging investors to the
energy sector, according to Ministry
of Mines and Petroleum.

In its 73rd regular session,

Council of Ministers has
approved a regulation on issuance
of license for coal and chromites
mining on August 24, 2019 to
promote investments in mining
industry.
Case Team Coordinator for
Mineral Licensing at the Ministry
of Mines and Petroleum, Leul
Gebre, told ENA that the
government has been taking
various measures to encourage
investments in coal, it was
learned.
Amending energy proclamation and licensing potential companies who wish to invest in the sector are some
of the measures that Ethiopia has taken in mining industry, he indicated.
He pointed out that Ethiopia’s potential in coal deposits have already been studied and identified in Amhara,
Oromia and Southern Nations, Nationalities, and Peoples’ (SNNP) regional states.
According to the Geological Survey of Ethiopia, there are 17 main locations in which potential coal
resources have been identified which amounts over 360 million tons of coal.
Coal fossil fuel generates around 40 percent of the world’s electricity and about 25 percent of the world’s primary
energy. 

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