Value-Added Minerals Prioritized to Maximize Ethiopia’s Export Earnings The Ministry of Mines has announced its focus on prioritizing value-added minerals to increase Ethiopia’s export earnings. This strategy aims to capitalize on global demand for processed minerals, bringing higher returns for the country. According to the Minister of Mines, the government is working to ensure that companies engaged in mining operations prioritize mineral processing and refining within the country. This approach will create employment opportunities, boost local industries, and generate more revenue for Ethiopia. The Ministry has identified key minerals with high value-added potential, including tantalum, columbite, and lithium. These minerals are used in a wide range of high-tech industries, such as electronics, aerospace, and renewable energy. By prioritizing value-added minerals, Ethiopia aims to increase its export earnings beyond the sale of raw materials. The country has abundant mineral resources but has traditionally relied on exports of unprocessed minerals, which have limited economic benefits. The government’s strategy also includes encouraging foreign investment in the mining sector. International companies with expertise in mineral processing and value addition will be welcomed to establish operations in Ethiopia, bringing capital, technology, and market access. The Minister of Mines emphasized the importance of responsible and sustainable mining practices. The government is committed to safeguarding the environment and protecting the rights of local communities impacted by mining operations. In conclusion, Ethiopia’s focus on value-added minerals is a strategic move to maximize export earnings, create jobs, and boost the country’s economic growth. The government is working to prioritize mineral processing and refining, while also ensuring responsible and sustainable practices.Ethiopia Prioritizes Value-Added Minerals to Boost Foreign Exchange EarningsEthiopia Prioritizes Value-Added Minerals to Boost Foreign Exchange Earnings The Ethiopian government has highlighted its focus on value-added minerals to enhance foreign exchange earnings. Mines Minister Habtamu Tegegn recently made a working visit to observe Ethiopia’s efforts in this regard. Untapped Potential Despite its significant mining potential, the sector has not fully contributed to economic growth. However, it has been identified as a critical economic pillar in the nation’s ten-year development plan. Value-Added Exports Ethiopia recognizes that value-added mineral exports represent a promising revenue source. As part of its efforts, the government is promoting the production of such minerals to cater to global market demands. Training and Expertise The Global Precious Minerals Association is actively involved in training Ethiopian entrepreneurs in the mining sector. This initiative aims to expand the industry and bolster export revenues. Export Regulation To further enhance value-added production, Ethiopia is formulating regulations to restrict the export of unprocessed mineral resources. Stakeholder Collaboration Minister Habtamu urged all stakeholders to collaborate in maximizing income from the mining sector. Precision Mineral Association’s Role Mehalet Sisay, the African Director of the World Precious Minerals Association, emphasized their efforts to develop skilled labor capable of adding value to Ethiopia’s precious mineral exports. Orbit Ethiopia’s Contribution Orbit Ethiopia PLC, a company with extensive experience in value addition, highlighted the need for industrial-level transformation in the mining sector. This approach is expected to generate employment opportunities.Value-Added Minerals Prioritized to Boost Export Earnings The Ethiopian government has designated value-added minerals as a priority for enhancing the country’s export earnings. This strategy is aimed at maximizing returns from the mining sector while supporting economic development. According to the Minister of Mines, value-added minerals, such as processed gold and tantalum, have the potential to generate significantly higher revenues compared to unprocessed materials. By investing in downstream processing facilities, Ethiopia can create jobs, attract foreign investment, and increase its competitiveness in the global market. The government is actively promoting the establishment of processing plants and encouraging public-private partnerships to drive value addition in the mining industry. By leveraging its mineral resources, Ethiopia aims to transform its economy and become a major player in the international mineral trade. The Ministry of Mines is working closely with relevant stakeholders, including private investors, research institutions, and regulatory bodies, to implement the value-added minerals strategy. This collaborative approach is expected to accelerate the development of the sector and contribute to Ethiopia’s economic growth.