Nov. 5 (Bloomberg) -- Ethiopia is set to approve a mining license for Nyota Minerals Ltd. to develop the Tulu Kapi gold deposit, Mines Minister Sinknesh Ejigu said.

“We have agreed on the technical and environment terms and we are finalizing the economics,” Sinknesh said in a phone interview from the capital, Addis Ababa, today. “At the end of the day, they will get the mining license.” There is no date set for approval, she said.

Good news for CEE if it does happen.