Ethiopia to pass laws to boost mining by mid 2010

02/02/00
    

CAPE TOWN (Reuters) - Ethiopia's parliament will pass new mining laws aimed at boosting investment in the sector by mid-2010, State Minister Sinknesh Ejigu said on Tuesday.

"Parliament will be approving this (legislation)... by mid 2010," she told a mining conference in Cape Town.

Mining contributes 5.8 percent of the country's gross domestic product, with gold, tantalite and gemstones the main exports.

Ejigu said the new mining laws would look at custom duty exemptions and remittance of profits among other incentives.