COMPANY BACKGROUND

•National Mining Corporation (NMiC), a member of the MIDROC investment group's mining cluster, began operations in 1993 with a focus on marble and granite production. •It acquired assets from the Ethio-Libya Joint Mining Company and has since expanded into coal exploration since 2021. NMiC's primary products are marble and granite blocks, tiles, and terrazzo tiles. It has expanded its production capacity over the years, with a paid-up capital of 213 million Birr. •The company operates three large-scale quarry sites, estimating over 10,000 cubic meters of marble and 3,000 cubic meters of granite. Processing plants in Afar Region State can process 80,000 m² of marble and 84,000 m² of granite annually. Despite peace and security challenges affecting extraction, NMiC maintains a skilled workforce of 419 employees, with 79.71% in core production roles. • The company serves both local and export markets, with 98% of sales in the local market. Marble comprises 80% of sales, followed by granite (7%) and terrazzo (4%). NMiC contributes to the construction sector and engages in corporate social responsibility activities with local communities and the government.