Geeska Afrika Online

Ethiopia: joint Mineral Development Shares Signed in Canada

Toronto (HAN) September 21, 2014. Mineral development investment news. The Ethiopian Mineral Development Share Company signs MoU on joint development with CVMR Corporation.

The Ethiopian Mineral Development Share Company (EMDSC) and CVMR Ltd signed a Memorandum of Understanding aiming at

“forming a partnership that would lead to Tantalum, Niobium, Lithium, Nickel, iron, and PGM ore concentrate production and to the refining of the concentrates into specialty metal nano-powders.”

Dr. ZerihunDesta, CEO of EMDSC, said the agreement would help EMDSC realize the economic potential of its untapped mineral deposits. Dr. KamaranKhozan, Chairman of CVMR, stated that his company would be a valuable asset to

“unlock much wealth and generate economic development for the rapidly growing country of Ethiopia.”

Ethiopia’s Minister of Mines, TolessaShagi, explained that the “CVMR refining technology’s ability to simultaneously refine multiple metals is very valuable to our mine sites and has the potential to transform Ethiopian mining {sector} and attract investment.” Based in Toronto, Canada, CVMR Corporation is engaged in mining and metal refining, manufacturing of high value metal powders, net shapes and super alloys, and providing a range of technologically innovative solutions to the mining, refining and metal powder manufacturing industries.


Photo:  The Ethiopian Mineral Development Share Company (EMDSC) and CVMR Ltd signed a Memorandum of Understanding

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