MINING REFINING

KEFI announces launch of Tulu Kapi Gold project in Ethiopia

Tue May 21 2024

Gold and copper exploration company KEFI has announced the launch of the Tulu Kapi Gold project in western Ethiopia. The project was launched by the Tulu Kapi Gold Mines (TKGM) Board, which includes representatives from KEFI, the Ethiopian Federal and Oromia Regional Governments.

This follows the establishment of dedicated site policing and the subsequent conditional confirmations from the project’s finance syndicate.

The company has outlined various early works for the project, including community resettlement preparations, procurement engineering, social development consultations and recruitment, which are due to continue until September 2024.

These activities will be independently monitored to ensure they progress on schedule, with the necessary safety protection systems in place.

The project’s financing will require the execution of definitive detailed documentation and the drawdown of equity-risk capital from October to mid-2025, followed by debt capital.

Source: https://www.mining-technology.com/