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MIDROC Gold Mine Pvt Ltd. Co. (MGOLD) is a major Ethiopian mining company, established in 1994, that operates the Legadembi Gold Mine located 500 km south of Addis Ababa. It is Ethiopia's sole gold exporter, producing approximately 4,500 kg of gold-silver doré annually from 1.6 million tonnes of ore. The company focuses on exploring, mining, and processing gold and other minerals.
Key Details About Midroc Gold Mine PLC:
Operations: Primarily operates the Legadembi Gold Mine and have Metekel Project
Significance: Serves as Ethiopia's sole gold exporter and a major taxpayer, having paid 100.1 million birr in royalties in 2011.
Role: Involved in the mining, exploration, and processing of economic minerals and by-products.
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