East Africa Metals Gears Up for Gold Mine Construction in Ethiopia

East Africa Metals, a Canadian mining company based in Vancouver, has announced plans to begin constructing a gold mine infrastructure in the Tigray region of Ethiopia. The company has initiated the procurement process to acquire the necessary equipment for the mine construction and operations.

This includes soliciting quotes from suppliers in China and Europe to finalize the capital costs, complete purchase orders, and coordinate the logistics for importing equipment such as drill rigs, excavators, trucks, loaders, bulldozers, graders, crushers, mills, and conveyance systems.

East Africa Metals’ president, Andrew Lee Smith, has stated that this procurement process for the gold mine project by their development partner, Tibet Huayu, is a crucial step forward in advancing the Adyabo Project towards construction readiness. He says this underscores their commitment to a well-planned strategy for the timely acquisition of essential resources.

Additionally, East Africa Metals has completed the negotiations for the Relocation Action Plan (RAP) to allow the mine development activities to begin at the Mato Bula and Da Tambuk project sites. The company has reached a negotiated settlement with the local community for compensation related to access road construction, as required under Ethiopian mining regulations.

Last month, the National Bank of Ethiopia updated its gold purchasing policies. The bank now offers a tiered system. The new system will simplify the structure and provide a clearer framework for suppliers. Read More…