National Precious Minerals Refinery Inaugurated in Bole Lemi

A new national precious minerals refinery has been inaugurated in the Bole Lemi Special Economic Zone. A partnership between Ethiopian Investment Holdings and Sam Precious Metals, the facility is designed to refine gold and other precious metals to international standards. At full capacity, the refinery is expected to process over 600 tons of minerals annually. Officials estimate the project could generate approximately 80 billion USD in annual value. The initiative aims to add local value to Ethiopia's mineral resources, enhance transparency in gold pricing, and position the country as a regional hub for mineral processing.