WHEREAS, the Constitution of the Federal Democratic Republic of Ethiopia, provides that the Right to Ownership of all-natural resources of Ethiopia is exclusively vested in the Government and its People. Thus, it becomes necessary to regulate the transaction of mineral resources after production;

WHEREAS, it has become necessary to put in place a regulatory framework that promote, regulate and control the transaction of all mineral resources;

WHEREAS, it has become necessary to modernize the mineral transaction scheme so as to create a proper structure that enhances the contribution of the sector to the National Economy;

WHEREAS, it has become crucial to determine the roles, Powers and Duties of all stakeholders that participate in mineral transaction;

NOW, THEREFORE, in accordance with Article 55 (1) of the Constitution of the Federal Democratic Republic of Ethiopia, it is hereby proclaimed as follows: