MINISTRY OF MINES, ETHIOPIA

The Ministry of Mines (MoM) was established by decree in 1958, even though Ethiopia has a long history in mineral exploration that goes back 3,500 years. As the world progresses and demands for essential minerals and resources increase, Ethiopia has emerged as one of the top mining destinations for companies seeking to make investments in a high-potential mining jurisdiction. Ethiopia is blessed with a diverse range of minerals that hold significant economic value. The country is home to vast reserves of oil and natural gas, gold, platinum, lithium, tantalum, potash, copper, iron, gemstones and many other valuable minerals. These resources not only hold immense potential for economic growth but also offer great opportunities for foreign direct investment.

The MoM is the first port of call for all investors interested in Ethiopia’s mining, petroleum and geothermal sectors. The MoM can direct you to the most up to date geodata available, guide you to the right legislation and regulations for your business, and help you apply for any licenses required. The MoM also provides straightforward guidance on how to go about investing in Ethiopia’s abundant natural resources.

Ethiopia’s mining sector has undertaken a major reform program in recent years. The reform includes geodata management, transparency and ease of licensing process and the artisanal mining sector among others. The reform is designed to make it easier than ever to invest in Ethiopia, encourage exploration and mining, and unlock the sector’s full potential and value. 

With impressive mineral resources and a government committed to executing ambitious economic reforms, the building blocks are in place to create a worldclass mining sector and a major player on the global mining stage.