MIDROC Gold Mine PLC

A mining license was awarded and a new company – MIDROC Lega Dembi Gold Mine Share Company (the National Mining Corporation) commenced production in August 1998 G.C. MIDROC Gold was established by Sheik Mohammed Hussein Ali Al- Amoudi, his wife Sofia Salah Al-Amoudi and the government of Ethiopia with an initial capital of US$ 51.6 million. MIDROC Gold Mine PLC is legally founded in July 2003 G.C. with a capital of U.S.

Dollars 51,600,000 (fifty one million six hundred thousand dollars). Previously the Ethiopian government, represented by the Ministry of Finance and Economic Development, owns 2% shares. But curr