Al Amoudi’s MIDROC Signs Deal For New Gold Plant

By Mintesinot Nigussie  |  August 31, 2026

MIDROC Gold, part of Ethiopian billionaire Mohammed Hussein Al Amoudi’s MIDROC Investment Group, has signed an agreement with Austrian industrial equipment manufacturer CEMETC GmbH to supply machinery for a planned gold processing plant in Metekel Zone of Benishangul-Gumuz Regional State.

The plant will have the capacity to process 1.25 million tonnes of gold-bearing ore annually, with CEMETC expected to manufacture, supply and install the required equipment and complete delivery within one year, according to MIDROC Investment Group.

The agreement was signed by Dula Mekonnen, deputy chief executive officer for the mining sector at MIDROC Investment Group, and Thomas Plochberger, chief executive officer of CEMETC.

MIDROC Gold is among Ethiopia’s established gold producers and operates as part of MIDROC Investment Group, a diversified business group with interests in several sectors of the economy.

The new processing facility is expected to increase MIDROC Gold’s ore-processing capacity and support its operations in Metekel, an area with significant mineral resources.

CEMETC, established in 1990 and headquartered in Enns, Austria, specialises in industrial equipment and technology for the cement and mining industries.

The agreement adds to MIDROC Investment Group’s activities in Ethiopia’s mining industry as the government seeks to increase formal mineral production and foreign-exchange earnings from the sector.

Source: FSX Business News