Kefi appoints MD for Ethiopia subsidiary

25th February 2015 By: Creamer Media Reporter

JOHANNESBURG (miningweekly.com) – Aim-listed Kefi Minerals has appointed Wayne Nicoletto as head of operations of the company and MD of subsidiary Kefi Minerals Ethiopia.

His appointment was effective immediately.

Nicoletto had 30 years’ experience in the mining industry as a metallurgist and a GM, specialising in the design, start-up and operation of gold mines in Africa, Central Asia and Australia. Over the past 15 years, he had been primarily heading up gold mines in Africa, including the Edikan mine, in Ghana.

“We welcome Mr Nicoletto to the Kefi leadership team. He has the right credentials and we look forward to him using his extensive experience in finalising Kefi's development plans, operational team building, mine contracting, equipment selection, tendering, construction and production as we progress towards the commencement of construction at Tulu Kapi,” commented Kefi executive chairperson Harry Anagnostaras-Adams.

Construction on the Tulu Kapi project was expected to start this year. The openpit mine had an estimated 11-year mine life and would produce about 86 000 oz/y of gold.