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MoME, MOHA sign mineral
water mining agreement |
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ADDIS
ABEBA(August 9-10,2008)
- The Ministry of Mines and Energy (MoME) on Thursday signed
an agreement with MOHA soft Drinks Industry S.C. enabling the later
mine mineral water at small scale in West Gojam Zone Bure locality,
Amhara National Regional State.
The agreement was signed by Alemayhu Tegenu, Minister of Mines and
Energy and Getachew Birbo, General Manager of the Company here at
Sheraton.
The Minister at the signing ceremony said that the government has
designed encouraging policy in order to support investors in the sector.
The Company allocated 38 million birr capital investment to mine Mineral
Water in the specified location.
According to the agreement, the License Area covers an area of 57
thousand meter square. The Licensee, for the coming ten years, will
produce 180 million liters of mineral water.
The company's activities shall create 222 job opportunities.
The conducive investment environment which has created so far has
attracted 65 privately owned exploration and mining companies, having
115 license, operating all over the country, the ministry said.
The Company shall give preference to domestic goods and serves as
long as they are readily available at competitive prices and of comparable
quality, it was learnt.
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