Ethiopia Resources Commodities 2019
Ethiopia Resources Commodities 2019
Ethiopia Resources Commodities 2019
AND PETROLEUM
ETHIOPIAN
OPALS
Fiery Opals
The Greeks called this stone Opallios, which literally means “to
perceive a change of colour” – a name which reflects the wild and vivid
colours of the opal. With their extraordinary colours, opals remain a
timeless favourite for jewellers across the world.
ETHIOPIAN
EMERALDS
An ancient stone, the oldest emeralds are about 2.97 billion years old. The
first record of emeralds being mined was in Egypt around 1500 BC. In modern
times, this vibrant green stone is one of jewellery’s most beautiful and popular
gemstones. An emerald pendant necklace owned by Elizabeth Taylor sold for
$6.5 million in 2011, breaking down to about $280,000 paid per carat.
ETHIOPIAN
SAPPHIRES
Timeless sapphires
Did you know that the top-end Apple Watch has sapphire glass in its screen? It does.
But despite such industrial uses, this most beautiful gemstone is best known – and
loved – for its breathtaking appearance in jewellery. Deriving its name from the Greek
word sappheiros, sapphires have been used in jewellery for thousands of years. The
best-known sapphires are the brilliant blue variety, but they actually come in every
colour of the rainbow—including orange, green, yellow and pink. Red sapphires are
better known as rubies, although both are varieties of the mineral corundum.
ETHIOPIAN
GOLD
Ethiopia’s long history of gold mining spans three millennia. Some historians have
estimated that the oldest mine in the world, dating back more than 6,000 years,
was in western Ethiopia near the Sudanese border. The numerous placer gold
deposits in Ethiopia’s rivers have been exploited for thousands of years by small-
scale miners using rudimentary techniques in the water and river sands. Recent
studies by independent third parties have indicated that western Ethiopia is likely to
hold one of the largest gold deposits in Africa.
Ethiopia’s gold deposits are clustered in a There are additional opportunities for
Proterozoic basement, which covers about investors in epithermal gold. The East African
18% of the country. A considerable part Rift Valley transecting Ethiopia hosts a large
of this area has already been surveyed by number of geothermal fields which are
aerial geophysical surveys and geochemical used for power generation, and a low grade
mapping. Good news for investors is that epithermal gold deposit was discovered
significant gold mineralization has been found at Tendaho in the Afar region. Geothermal
in three regions: drilling revealed highly silicified zones
returning gold grades of 1 gram per tonne.
The Western greenstone belts Currently, investors are intensively exploring
The presence of gold mineralization in these to better define the pockets of epithermal
areas has been known since the early 1930s, gold around the northern part of the country.
and several of the belts host gold. The most
promising gold occurrences are located in the
Tulu-Kapi and Ankore areas.
ETHIOPIAN
POTASH
ETHIOPIAN POTASH
Potash was mined in Ethiopia as early as the Past exploration undertaken by various
14th century, and one of the world’s largest companies has confirmed the presence of
deposits is located in the northern region of two ore bodies at Dallol.
Tigray. There, on the great Salt Plane of Dallol,
extraordinary deposits of evaporite minerals Firstly, there is the Crescent. Lying just one
can be found, particularly in an area called the kilometer south-west of Mount Dallol, the
Danakil Depression. Prospectors have been irregularly shaped ore body is about 1000m
aware of the Danakil Depression’s potential long and 100m wide. This surface deposit
since the early 1900s, and efforts to launch surrounds the bubbling spring of magnesium
some small-scale production were made prior chloride referred to as ‘Black Mountain’.
to the Second World War. Later, the Ralph M.
Parsons Company made a series of attempts The second is Musleyore. Named for the
at large-scale potash production between Musley Canon nearby, this ore body lies about
1958 and 1967. 4.5 km west of Mount Dallol. It is about 4 km
long and 1.5 km. wide and was extensively
THE OPPORTUNITY: explored during the 1960s. Drilling has
THE DANAKIL DEPRESSION IS CALLING OUT indicated the presence of a potash-bearing
FOR EXPLORATION horizon at 500 meters depth, similar to that
explored by underground work and shallower
The Danakil Depression lies at the junction drilling.
of three tectonic plates, and was formed as
a result of the African and Asian continents There are already companies with successful
moving apart. This caused rifting and potash operations underway in Ethiopia.
volcanic activity, resulting in its complex Yara Dallol and CERCAM Minerals Ltd are
and alluring geology. The salt formations two companies operating in the Danakil
on the surface cover an area of about 450 Depression. Both have undertaken feasibility
square miles, but only a small part of this area studies in recent years, with significant
has been explored. One can see on Mount reserves of natural resources for the
Dallol colourful layers of salt about 20 or 30 production of Sulphur of Potash (SOP) having
centimeters thick, with thin clay and gypsum been identified in their allocated exploration
layers in between, lying exposed to the air. areas.
Not only is the Danakil Depression the hottest
place on Earth in terms of year-round average
temperatures, but it is also one of the lowest
– sitting 100 metres below current sea level.
ETHIOPIAN
TANTALUM
TECH’S HOTTEST
COMMODITY
Today tantalum capacitors are used in almost every kind of electronic device, and the
increasing penetration of the smartphone market means tantalum demand is only
set to grow in the coming years. Tantalum (Ta) and Niobium (Nb), the ‘indispensable
twins,’ are closely associated in nature. When it comes to energy storage, minerals of
the Columbite-Tantalite series, or Coltan, which contain variable quantities of both
tantalum and niobium, are in great demand in the modern world. Ethiopia has the
sixth largest documented reserve of Tantalum in the world.
ETHIOPIAN TANTALUM
Adola in southern Ethiopia is known to host Fuel Corporation (EMPBFC), which has been
a long and linear belt of this rare metal calling in recent months for partners to help
occurrence of tantalum and niobium in its develop the asset. The EMPBFC is currently
Kenticha Belt, which extends for over 100 producing approximately 200 tonnes of
kilometres and covers an area of more than tantalum concentrate a year at Kenticha,
250 kilometres. Three types of ore of the mainly for export. The mine is estimated to
deposit have been identified: contain primary ore (described above) with
a probable reserve of approximately 17,000
Primary ore: rare tantalite bearing tonnes. In late 2017/ early 2018 the Ethiopian
granite-pegmatite with complex Ta-Nb-Li- government initiated an open bid to identify
Be mineralization has meant this is a world investor partners to develop Kenticha and
class ore reserve the process attracted the interest of four
Lateritic-type ore: a ‘rind’ developed substantial international companies. The
over the pegmatite and granite as a result government is calling on investors to consider
of intense weathering joint ventures in exploration, development
Elluvial, delluvial and alluvial placer ore: and expansion, mining and producing value
marked with high quality Ta-Nb added materials from tantalite concentrate,
at Kenticha.
Together, the weathered ore over the primary
ore of pegmatite in the Kenticha belt have
been recognized as one of the best deposits
of this type anywhere in the world.
THE OPPORTUNITY:
A JOINT VENTURE TO DEVELOP
KENTICHA MINE
ETHIOPIAN
ENERGY MINERALS