Commodities Buzz: Ethiopia Suspends Mining Licence For MIDROC Gold

Ethiopia has suspended a mining licence for MIDROC Gold, company owned by Saudi billionaire Mohammed al-Amoudi, after more than a week of sometimes violent protests in a town near the mine. Demonstrators had blockaded roads in the countrys unruly Oromia region since April 30, preventing people from going to work and forcing schools to cancel classes, asking the government to revoke a 10-year mining permit for MIDROC Gold.chemicals use to process gold at the open pit mine near Shakiso, 358 kilometers (222 miles) south of the capital, Addis Ababa, have polluted water streams and the air, causing humans and animals respiratory illnesses, miscarriages, birth defects and disabilities.