MIDROC — BrandWiki

MIDROC

Overview

Mohammed International Development Research and Organization Companies

native name	ሚድሮክ
native name lang	am
type	Private
industry	Oil company
founded	1994
founder	Sheikh Mohammed Hussein Al Amoudi
hq location	Addis Ababa, Ethiopia
area served	Africa Europe Middle East
key people	Sheikh Mohammed Hussein Ali Al-Amoudi (Chairman) Akalewold Admassu (Deputy CEO) Kassahun Hailemariam (Deputy CEO)
brands	Granitor (in Europe)
revenue	1.3 bn birr
revenue year	2011
parent	Corral Petroleum Holdings
website	https://www.midrocinvestmentgroup.com/about-us/

Mohammed International Development Research and Organization Companies (MIDROC) is an Ethiopian mining and oil company owned by Ethiopian-born Saudi billionaire Sheikh Mohammed Hussein Al Amoudi.[1] It has operations in Europe, the Middle East, and Africa. Through its Corral Petroleum Holdings AB, MIDROC has become a major independent oil company.[2]

The company has perpetrated extreme human rights violations at Lega Dembi gold mine in the Oromia Region of Ethiopia by improper disposal of hazardous waste including mercury, arsenic, and cyanide.[3]

Operations

Midroc has operations across three continents, over 70,000 employees and a turnover of $25 billion. The group is active in various sectors, including industry, venture capital, oil and fuel production, energy and mining.

MIDROC Ethiopia

Human rights violations

Between 1997 and 2009, MIDROC's expansion of the mine caused deforestation and displaced Indigenous Gujii people from their ancestral land,[9] denying their right to free, prior and informed consent.[10] Locals have reported that mine security shoots at people if they get near the mine, and that employment opportunities have systematically excluded local people.[3]

Local people allege that Midroc dumped chemicals into rivers that residents used for drinking and for livestock, causing birth deformities and animal deaths.[11] Protesters contend water and air pollution from the mine have caused respiratory illnesses, miscarriages, birth defects, and disabilities.[12] Other reports include tumors, headaches, skin conditions, and vision problems.[9] One healthcare provider reported that, "Mothers are having miscarriages every single day...I am not seeing this in other places, only around the mining site."[12] A field study in 2018-2019 found 19 children with "serious deformities and paralysis" in a survey of 36 households.[3]

Protests against the mine have been brutally repressed with mass arrests, killings, and disappearances.[3] A 2016 report by Human Rights Watch found that, "Security forces committed numerous human rights violations in response to the protests, including arbitrary arrest and detention, killings and other uses of excessive force, torture and ill-treatment in detention, and enforced disappearances."[10]

Other projects

MIDROC owns 70% of National Oil Ethiopia, which competes with YBF, TAF and five other companies in the national petrol market[13] and is establishing a major steel plant (Tossa) in Amhara. The latter is Ethiopia's first industrial steel production plant and is intended to meet a major increase in domestic demand, estimated to rise from 1.2m tonnes to 3.1m tonnes per annum between 2011 and 2014.[14]

In August 2008, MIDROC opened a small cement factory on the outskirts of the town, which produces 4,000 quintals of cement per day. Some of the output of this factory was used in the construction of the larger Derba MIDROC Cement Factory, which is located 70 kilometers north of Addis Ababa and is the largest cement factory in Ethiopia.[15] North Holdings Investment announced 17 October 2009 that it had completed a feasibility study for its own cement factory at Dejen, which would be built on 450 hectares of land. Construction of the factory will cost around US$1.6 billion, and once completed it would have a production capacity of nine million tons a year.[16]

MIDROC

Operations

MIDROC Ethiopia

Human rights violations

Other projects

Human rights violations

Other projects

Midroc Europe

Midroc Middle East

External links

References