Ethiopia: Derba MIDROC Cement is reportedly ready to sign a contract with China National Building Material (CNBM), for the latter to commence construction of Derba MIDROC Cement s 2.74Mt/yr Mughar Valley cement plant in Oromia. The producer said that it expects to invest US$500m in the project, 30% higher than its previous estimate of US$385m. Addis Fortune has reported that Derba MIDROC Cement now believes there to be adequate energy infrastructure to support the plant, following China-based Sinohydro s construction of a new US$12m power line from nearby Chanco. When commissioned, the plant will double Derba MIDROC Cement s capacity and create 3000 new jobs in Oromia. The producer also hopes to ease the ongoing national cement shortage. The Ministry of Mines recorded domestic production of 7.6Mt in 2022, against demand of 36Mt. /Global Cement