Source: ENA
Al Amoudi’s company, MIDROC-Ethiopia (one the Woyanne vampire corporations that are sucking the blood of Ethiopians), announces plan to tap over 70 tons of gold valued at 1.6 billion USD (yes, BILLION) until 2020, its Chief Executive Officer said.
In a press statement he gave here on Tuesday, Dr. Arega Yirdaw said his company would produce the stated volume of gold from four gold mining sites localities including Legedenbi
MIDROC Ethiopia (that is fueling the Woyanne killing machine) has been producing about 3.5 tons of gold annually on average until recently from an area called Legedenbi, he said.
He further said the company planned to increase its gold production after the discovery of gold reserve in other areas that would enable it to tap a volume ranging from 4.76 tons to 6.52 tons annually.
MIDROC Ethiopia is committed to achieve its goal under its theme “Vision 2020”, Dr. Arega said.
He said the company has purchased 20 million USD well drilling machine and a loader with an intention of building its capacity.
MIDROC Ethiopia bought the Legedenbi Gold Mining Site with 172 million USD from the government in 1997.
24 thoughts on “Al Amoudi plans to produce $1.6 billion worth of gold”
What can we expect from this weyane stooge Alamudi alweyane
the same story, what else is new, we know shiek Alamudi and the blood sucking woyanes are robbing the courntry. we are just doing nothing. shame on us all
bahru
Hmmm-Is Al Amoudi planning to produce a real gold to repalce the fake gold found in Ethioipan National Bank deposiroty so that Woyane is not brought to justice for the lost national bank treasure?. Just wondering the motive behind Al Amoudi the famous woyane business partner
Weyanes are depleting the resource base of the country, to make the future fate of the country darker.What can we say? They are just thinking with weapon, not with their mind.
It is said there is more than trillion worth of gold in Ethiopia; however, before Al Amoudi produces the portions of this massive Ethiopian gold and uses it for the pleasures of Meles, his master, we will catch him red handed and distribute this invaluable resource to the Ethiopian people. In the mean time, let him discover and dig our precious gold without being interrupted or stopped from his gold trade mission.Let us be patient; it will be ours.
Tell everyone who you know,your friends,relatives…who are working with this vulture knowingly or unknowingly to quit being an accomplice with the distruction of the mother land,especially those so called musicians and their music industry.
Al Amoudi # ONE Woyane who kill his countery & people, one day he will get his price from GOD.
ONE ETHIPOIA, ONE PEOPLE, ONE NATION FOR EVERE
Woyanae and Al Amoudi, as they have been partners in destruction, they are partners in-exploitation. One feeds the other with looting.
Al Amoudi is nothing but one of the blood suckers who is driving Ethiopia’s resources into depletion. It wouldn’t be too far millions of Ethiopians will stand frozen and shocked, when victory comes and the dirty work Al Amoudi did to Ethiopians revealed and exposed.
The woyanae crime family is not only crime-ridden mafia family, it is also blood-sucking deadly a creature. As chines proverb says it, give before you take. Al Amoudi accepted the adage and has been practing it since invasion.
The extent to which how much is being stolen and shipped abroad is realy humongous and immesarable; but, the type and amount of punishment that the looters wiil receive according to their crime will be measurable and just.
Today, Al Amoudi is not only exploiting Ethiopia, he is enjoying every single bit of his life chiefly because he is extravagantly and immeasurably gratifying himself with no hinderance at all.
I am sorry to say it, but some seem to be awakened from a deep sleep.It is a known fact that Al Amoudi private gets were in a business of stealing Ethiopian gold for the last 15 years..The planes can land and take off at will with no custom officials insight.
See how this blood-sucker makes money from this transaction. He bought the mine for just 172 M, and now he is planning to make the best out of it – 1.6 B. How on earth a genuine govt would make such a grave mistake unless it has a personal interest in the transaction.
I think we should not threaten people like Al-Amoudi so that they would feel safe even if Weyane is overthrown. Otherwise, they will do whatever they can to protect the regime.
Has any body questioned the environmental repurcussion of this massive operation in mother earth? The crooks are getting what they want and the future generation will pay the price.
selam
This is the continuation of the exploitation of the resources of our land by the colonialist woyane & his collaborator (BANDA)Al Amoudi with out keeping in mind the rights of the next generations & the present as well, so what is the reaction from the real Ethiopians towards this daylight robery & operassion??????? Let’s wake up & stop the blood thristy & greedy Woyane & Al Amoudi from their madness!!!
May the Almighty help the helpless Land & its people!!!!!!!
Let them take the gold and silver and all of the others stones and metals. Let’s mine and build the youth of Ethiopia. They are the true and inexhaustable goldmine that Ethiopia has. If we develop each Ethiopian youth, those human gold nuggets, will pay for generations to come. The metals and stones moudi steals are just that but our young people are alive and energetic and ready to change hsitory. Leave the stones to the stoneheads, let’s build our youth.
We better worry about the grave and gruesome violation of human rights first and take immediate action to stop it. We are losing precious people!!!
The following humor worth reading as it reflect most of you guys opinion. The ant is Alamudi and the grasshopper are people who oppose his investement.
TRADITIONAL VERSION
The ant works hard in the withering heat all summer long, building
his house and laying up supplies for the winter.
The grasshopper thinks the ant is a fool and laughs and dances and
plays the summer away.
Come winter, the ant is warm and well fed. The grasshopper has no
food or shelter, so he dies out in the cold.
MORAL OF THE STORY: Be responsible for yourself!
Dear EReview,
Thanks for the interesting information. You should assign some one to compile information on the massive development/exploitation activities of the various companies under MIDROCK Ethiopia and Woyane Corporations. No need of cursing Ala Moudi for what he is doing in Ethiopia. He has and is making great effort to uplift the economic life of his Mother’s and his compatriots. Be reasonable,grateful and honest in your assessment of developments in Ethiopia.
Best wishes,
Gebre
Hey Guys, I am afraid you are loosing your minds. Don’t you think for the thousands of Ethiopians who are employed by his companies? They are just our brothers and sisters. What you and Mr. Elias, say sometimes do not make sense. Unemployment is a huge problem in Ethiopia. We need anyone and everyone to invest and create jobs for the poor Ethiopians. Because, the so called “politicians”, including the Woyanes and those who just talk day and night in Washington and elsewhere, do not do anything for them.
you mean he got/gets 90 percent profit, including his expences?
Robel Ababya,
I like your comment “we are losing precious human beings” let’s fight for human rights and democratic rules in Ethiopia with all our mights, and then a lot of things will be in order.
What is Ayala saying? If the same opportunity was given to another individual/s, does he not think 90% of the now unemployed would have been employed and the chance that the countly would have been in much better position had the capital been reinvested in the county? Does Ayala even understand the magnitude of what is at stake here?
My friends Robele Ababya and nuna,
We should fight for both the human rights of our people and for the resources of our country. Before God created man, he first created the resources and gave man the right on the resources; therefore, before we think of human rights, we better think carefully about our resources – the land, the mineral, the water, the air, the fish, all the birds, the insects, and all the animals. What is the use of human rights if there is no enough food to eat in the country? Most of the time, we see people fighting for a piece of land, for a piece of bread, and for a glass of water rather than fighting for the human rights – two deceptive terms that the common people never understand or do not care to understand as far as the emaciated children are dying in their arms because of hunger.
We know Alamoudi is good financial source of Wayane, but by no means we undermind what Alamoudi did for welfare of the country as well our poor Ethiopian. According to some sources, Alamoudi’s new plan will create job for about 300,000 Ethiopians. Think the positive.
Oh,our dear lord,God! It is hard to imagine what kind of justice we would have to deal with this criminal called Al Moudi!
Al Amoudi,the criminal has been looting the resources of Ethiopia without a break;he has been exporting girls,rice and gold in huge quantities to the customers for the last 20 years.Imagine,what will be left for our children after freedom?
For sure,Al Amoudi will one day be arrested for all sorts crimes he committed on Ethiopia and on the children of Ethiopians.May God help us in capturing and arresting this super thief and looter!Amen.