Ezana Mining Development Company, a local company engaged in mining in Tigary region opened Ethiopia's second modern gold factory at a cost of 700mln birr.
Legedenbi gold mining factory of MIDROC Ethiopia is the first modern gold factory.
The company is designed to have a capacity of producing produce 4.5 kg gold per day and create job opportunity for over 200 locals.
Named after Meli, the area where the factory installed, it is expected to earn 40 mln USD from the export per year.
Mesfin Industrial Engineering, a local company built the factory, in which experience acquired in the field of mineral technology in the country.
According to some assessments, the region is believed to have considerable gold reserve, which makes investing the region promising.