Abstract
Despite a record of mineral activity that dates back to Biblical times and the occurrence of a wide variety of minerals, as well as continuing efforts to discover major ore deposits, Ethiopia's mineral resources ahve remained of minor importance in the world economy. Mineral production in the last 20 years, for example, forms less than 1% of the estimated GDP. Well known minerals andmineral products available in the country in commercial quantities are: gold, platinum, manganese ore, natural agas, clays and clay products, feldspars, gypsum and anhydrite, slat, lime, limestone, cement, sand, structural and crushed stones, marble, mineral water and pumice. There are also vast reserves of water and geothermal power. Recently discovered deposits (over the last 20 years), with major reserves that may attain an important role in mineral production in the future, include potash salts, copper ore and diatomites. Minerals which are known to occur in Ethiopia, but of which supplies are deficient, or which have not yet been proved to exist in economic quantities are: nickel, iron, chromium, mineral fuels (oil, coal and uranium), sulphur, asbesttos, mica, talc, barytes, fluorites, borates, soda-ash, phosphates, wolframite, abrasives (garnet), molybdenite and vanadium. Within the last few years there has been an increasing appreciation of the economic significance of a mineral industry and a definite attempt to foster it. Mineral ownership is vested in the state are cotnrolled by the MInistry of Mines, Energy and Water Resources. The law relating to foreign investment in mines is liberal. The plans for the future have to provide for detailed and intensive exploration of the country's mineral resources, manufacture and fabrication.
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