Ethiopian gold exports surged after the central bank offered higher prices for the metal in a bid to curb smuggling and as part of wider efforts to spur investment in mining.
East Africa-focused gold producer Shanta Gold’s New Luika gold mine produced 22 216 oz in the second quarter of the year, ended June 30, compared with the 20 167 oz produced in the first quarter of the year.
Illegal mining is seriously hurting investments made by COCOBOD in cocoa production across the country. This is because cocoa farmers who have received various productivity enhancement programmes being implemented by COCOBOD, are now cutting down their cocoa trees and giving out their farm lands to illegal miners (galamsey).
