MoM

The Joint Committee of the Ministry of Mines (MoM) and the National Bank of Ethiopia (NBE) have decided to adjust the gold premium paid on artisanal gold from 29% to 35% and changed the segmented procedure to a flat structure, Takele Uma, the Minister of Mines and Petroleum, twitted on June 22. Two pieces of gold bars with the same amount of gold in them could cost different amounts. This is explained by the difference between the selling prices of the bars and the value of the metal they contain, or in short, the premium paid on their purchasing prices.…