40 tons of gold was recently found in Ethiopia. DDIS ABABA — Ethiopia on Tuesday announced the discovery of a mine containing more than 40 tonnes of gold deposit worth 1.7 billion dollars (1.1 billion euros).
The state-run Ethiopian News Agency reported that the new find, announced by the ministry of mines and energy, will require some 200 million dollars to extract and process.
“Geological survey indicates that… an estimated 500 tonnes of gold deposit is found in the country,” the agency said, providing a figure for the whole of Ethiopia.
What is of more interest is whether the starving people of that country will benefit or will the gold morsels end up in a European museum or bank. It will be interesting to see how their “government” will treat this find.