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The Ethiopian Mineral Development Share Company is fully a government owned mining company which engaged in the exploration of mineral deposits, mining of tantalum, industrial minerals and fashioning of gemstones. The company was established when its predecessor Ethiopian Mineral Resources Development Corporation (EMRDC) was dissolved and restructured into four enterprises in August 1995.
In addition to production of tantalite concentrate and industrial minerals , EMDSC provides drilling, exploration and laboratory analytical services for its customers. The company has well equipped core drilling machines , geophysical and surveying equipments ,fully furnished laboratories and highly qualified professionals to deliver the services efficiently. It has a huge experience and reputation of delivering these services. The core drilling equipments has the capacity of drilling up to 1000m depth and has the facility of full whole stabilized core barrel system, Wedging accessory to defect borehole, water supply tankers and pumps, heavy duty equipments (i.e. bulldozers, graders…).
EMDSC is involved in prospecting and exploration for precious metal (gold and platinum), rare metal (Ta,Nb,Be,Li,Sn,etc) ,industrial minerals (kaolin, quartz, feldspar, diatomite, bentonite, dolomite, limestone),decorative stones (granite, marble) and gemstones among which aquamarine , peridot, amethyst, red garnet and precious opal can be cited. The exploration and research core process has two main objectives; the first one is to look additional reserves in areas around the existing mining operation in order to extend the life of mines; and the second one is to look for economical mineral deposits elsewhere in the country ,particularly in areas where mineral occurrence were reported.
Ethiopian Mineral Development Share Company is one of the leading companies operated in mining sector and got substantial amount of benefits and privileges from these incentive packages. General Background of Mineral Potential and Investment in Ethiopia Historical Development of Ethiopian Mineral Development Share Company (EMDSC)
Ethiopia has diverse geological and ecological settings that make the country the home of precious and rare natural resources. It has also excellent potential and opportunities of mineral mining and development. In Ethiopia there are proven reserves of good quality minerals like gold, tantalum, nickel, iron, coal, marble potash, copper, silica, etc. as well as oil and natural gas awaiting for exploration.
However, the mineral sector has contributed only 3 percent of the GDP up to now and the Ethiopian Government has created a favorable environment to ensure the private investment plays a leading role in the development of the national economy in general and the mining sector in particular.
The government has established a fair and clear cut mining legislation with a number of incentives that include: Total exemption of investors from payment for land lease for mining works, and Reduction of the sales tax significantly. Investors in the mining sectors can also enjoy exemptions from taxes on the equipment, machineries, vehicles and spare parts necessary for their operations. This makes the country very attractive both for foreign and domestic investors in the mining sector.
Ethiopian Mineral Development Enterprises were one of the four enterprises which were established at that period. However, In January 2000, the enterprise changed into Share Company and has got its name Ethiopian Minerals Development Share Company (EMDSC). At present EMDSC is operating being accountable to Board of Directors that appointed by the Privatization and Public Enterprise Supervising Agency
