As the price of gold rises to a record high, the speed and intensity with which Al Amoudi and the Woyanne regime are plundering Ethiopia’s gold deposits has increased in recent days. Sources close to the Ministry of Mining have informed ER’s Research Unit that over 80 per cent of the gold from Al Amoudi’s mining operations is exported out of Ethiopia without the knowledge of the Ethiopian Ministry of Mining. Al Amoudi’s private planes fly to Legedenbi, Shakiso and other mining areas he owns, loaded up with gold and fly straight to London and Jeddah with security provided by Woyanne’s special forces. It is difficult to know how much commission Meles and his crime family get from Al Amoudi’s operation, but it is estimated to be in the tens of millions. It is a government-sponsored contraband operation in a massive scale, according to one mining expert who wishes to remain anonymous for fear of retribution.
Al Amoudi confers with Woyanne
security chief Mulugeta Alemseged
Al Amoudi bought the Legedenbi gold mining site in southern Ethiopia with a mere $172 million from Woyanne in 1997. By Al Amoudi’s own estimate, by 2020 the mining operation will net him over $1.6 billion. This is a fraction (less than 20 per cent) of the real profit Al Amoudi is expected to make. As stated above, over 80 per cent of the gold that is mined is unaccounted for by Woyanne’s own Ministry of Mining. Meanwhile, most of the native people in the region continue to live in abject poverty without adequate food, water, health care, or education.
What is more audaciously crooked in all this is the fact that Al Amoudi bought the gold mine with the money he borrowed from the National Bank of Ethiopia (NBE) at a low interest rate. We are being told that Al Amoudi invests tens of millions of dollars of his own money in Ethiopia. This is far from the truth. Most or all of his companies and building in Ethiopia were bought or constructed with money borrowed from the NBE.
With the private press muzzled, and the opposition parties under constant attack by the Woyanne government, there is no one to expose all this fraud that is being perpetrated against the people of Ethiopia. This web site’s publisher himself has been charged by the Woyanne regime of treason, convicted by the kangaroo court and sentenced to life in prison for daring to criticize the regime and expose its crimes.
12 thoughts on “The plundering of Ethiopia’s gold deposits”
oh my god they are finishing our gold and resources! i wish i had the power! it is really making me sad!!!! let’s just pray what can we do?!!
God save Ethiopia from this crooked woyanne.
Well Done ER, this is the kind of journalism our nation badly need. those who speak their mind freely and honestly. Journalism is not about celeberity, fame, or wealth it is all about reporting thing as it happened to let people know what is going on. That is what 77 million Ethiopians are deprived from.
Don’t worry about your life time imprison sentence by tyrany regime they will wethered away in fornt of your eye in near future. Keep doing the good thing. You live long than their collective history
While all these national wealth has been stolen and taken out of the country no one has been concerned enough or be brave enough to fight in many ways to stop it. Traditionally it is the country’s men duty and responsibility who are supose to either stop the theft and protect its people. Unfortunately the country’s men are the thieves and the rest of the men are not men. The so called men are not men they are just men–women. That is why the country is so poor all the time. You see the picture that you posted are not men so do you. If you are men be productive, protect your country’s wealth and it’s people. Be like any other country’s men do not just abondend your country hide your self in fear of prisonment and presecution. BE LIKE THE ONES WHO ARE IN PRISON THEY ARE THE MEN OF THE COUNTRY. THAT IS WHY THE COUNTRY’S WEALTH IS BEING EXPORTED TO ANYWHERE YOU CAN THINK OF.THE MEN OF THE COUNTRY ARE EITHER DEAD, MURDRED OR PRISONED.
Good job ER. What makes me feel so sad is the fact that when weyane and Al-Amudin takes all that we have, Hailu Shawel diffends his friends who took our money here in the USA and give them a Medalia showing all he wanted was to be a king.
The Sheik and his friend Zenawi have been looting Ethiopia’s gold for the last 16 years. This is the price we pay for not uniting to evict the tyrant Zenawi from power.
The sheik and the thieves exploited the resources of Ethiopia to its bone and left nothing for the rest of Ethiopians.
In a lawless regime of Meles Naziawi and his crime family thefting, murdering, forgering,deceving, killing, and plundering of the citizens’ property and the country’s resources were widely being practiced from the day the robbers snatched Ethiopia from caring hands of Ethiopians.
Today, Al Amoudi, the sheik and the Doctor has become the prime exploiter of the golden resources of the more than 67 million people. The shiek Al Amoudi knows how to disect and remove the vital organ of Ethiopia. Isn’t this illegal and of course, criminal?
yes the price of gold is shooting upwards and upwards with nothing to stop it as it is nearly becoming priceless. It is rare and beautiful. it was why all the gold depostit in Ethiopia is now under the full ownership of the alien smugglers, the shieks, and the entire crime families and their close associates. What is going to be left for the rest of the future generation from the baby that was born yeasterday to the babies that is borning tomorrow and beyond?
Nearly 93.54% of the wealth in Ethiopia is owned by the crime family of tplf; from amongst the families, the sheik and his subbordinates are sharing a good portion of the resources of Ethiopia. Isn’t it criminal and sad too?
What about the res of the people whose fathers and mothers, and the men and women who fully gave their life to the preserving of the priceless treasures and vast and deep resources to the generation following them, don’t they deserve at least, something be left for them and their children?
The crime families don’t have the sense of leaving something for the rest of the citizens; they are there to exploit of everything above and beneath Ethiopia, the land they dreamed of finishing off.
One day, as these fugitive crime families shall be fully undercontrol by the people of Ethiopia,so the illegal sheiks and their black rats who are poisoning the land.
I would not be suprised if sections of the Government and corporations are colluding against the best interests of Ethiopians. This happens in every country in the world (and controls must be put in place to minimise this.). However, responsible journalism must include the gathering review, analysis and summary of evidence. You cant just state something (like you have in the article above) without any reference to anything. (i am not a supporter of any politcal party – however I do pray for the success of Ethiopia and Africa.).
Is it true? Let us do our own homework to find out the truth. We do not need to be emotional. Who is right and who is wrong?
The plundering of Ethiopian’s gold deposits is a very huge
crime. Woyanne government controls all Ethiopian Economic
Infrustructres. Now they are selling Ethiopian’s natural
resources. Zenawi regimes has done :
1. They put Ethiopia land locked country with out the
ethiopian people vote and voice.
2. They established ethinc based government to dvide and
to create ethinc clahses .
3. Now they are selling Ethiopian’s gold.
The time has come for woyanne – tyrant Zenawi regime to
face these crimnial charges.
Mr. Al Amoudi bought all Ethiopian’s bussines and interst
through out Ethiopia. Enough is enough for Al Amound to
fcae crminal charge with Mr. Zenawi.
The plundering of Ethiopia’s gold, Ethiopia’s land, Ethiopia’s girls, Ethiopia’s infant babes, Ethiopia’s camels, Ethiopia’s artifacts, paintings, and many other Ethiopia’s valuable properties by Al Amoudi with the complete knowledge of Meles Seitanawi is the greatest crime of all ages ever committed on this earth. Crime of this magnitude will not be easily solved or settled until all the victims – the Ethiopian people – have found the best crime investigators and the best lawyers such as Johnnie Cochran, F. Lee Baily and Alan Dershowitz that would represent them before democratically appointed Ethiopian judges.
Stunned and frightened to speak out what is going on in their areas, cheated and mesmerized by the flattering, smooth or deceiving words of the plunderers, humiliated and subdued by the criminal gangs of Meles Seitanawi, stricken hard by poverty and afflicted by mysterious diseases, the people of legedenbi are tired of looking out after their young children, scuttling and running out of their houses whenever they hear the sound of Al Amoudi’s private plane, hovering in the blue sky and landing near their golden areas. The children might be excited by what Al Amoudi’s plane looks like, but they might be saddened if they can comprehend why the plane is landing every week next to their homes and leaving the area, loaded with plenty of fold and other precious stones. Yes, they are too young to comprehend the amount of gold going out of their land and transported to England and Jeddah – thousands of miles away from Legedenbi. However, when these innocent children grew up and learned from their parents the whole history of the landing of Al Amoudi’s plane on their properties, they would be told why Al Amoudi’s plane flew every week over their heads and landed next to their houses and took off, carrying the gold nature has provided the people of that region. They may try to find Al Amoudi and destroy him, but it would be too late then because he had already left this world and is living in seol – a dark world designed to punish the wicked – Al Amoudi, Meles Seitanawi and all his adherents.
The deal was and still is, as long as Al Amoudi keeps his activities within the rule and law of the crime family, and as long his illegal activities are within the ruels and laws of the crime regime, he can do anything he wants, including extravagantly enjoying himself with evertything the crime family presents and makes available to him and to his alien partners.
At the beginning, his tought was that and admitted to himself positively that he could not simply acting as a euraka when he arrived in Ethiopia as a package within the crime family of tplf chiefly because he wouldn’t be accepted just like that in a society where his existence never been known by all.
Somehow and by the work of his agents he managed to pretend to be what he claimed he is/was/would be and /is/ and will be /was appeared on the surface as one of the legal citizens and did a few tricky things by the help of the crime family and was able to manage to pretend to acting legally and lwafully; but shortly before the defeat of the crime families in 2005 election, he fully revealed himself as what he was while he was abating and supporting the crime families in the activities against Ethiopia and Ethiopians.
Today, he is as skilfull as the rest of crime families are in exploiting the vast resources of Ethiopia. Why couldn’t he be happier like he has never before while what has been illegal and scarce where he used to be roaming around is legal and plenty in the regime of the crime family?
There is one big question to be asked, would his interest and the interest of the crime family clash at one point in the future?
Would he try to act illegally beyond the illegal frame of the crime family in the future?
Would he act and do illegal things of his own above and beyond the rules and laws of the crime family?
would and could he have his own set of rules by which he does his own illegal things?
Only time tells.