https://www.engineeringnews.co.za

Kefi confirms Tulu Kapi development to start shortly

4th February 2022

By: Marleny Arnoldi

Online News Editor

     

Font size: - +

Aim-listed Kefi Gold and Copper has confirmed that the civil war in Ethiopia has abated and that the State of Emergency is being lifted, allowing the company to start development of the Tulu Kapi gold mine.

The Kefi-operated Ethiopia joint venture company Tulu Kapi Gold Mines Share Company has been consulting with the country’s Ministry of Mines to ensure there are no further project delays.

The openpit mine will produce about 140 000 oz/y of gold over a seven-year mine life and is expected to be commissioned in 2023.

In the meantime, Kefi continues to review resettlement plans for affected households and complete all outstanding documentation for government entities, following which Kefi will finish preparing the new lands for resettling households.

“All parties are acting in good faith to prepare to implement the project launch. Progress is intended to be quick but will rely on the continued improvement of security and completion of all documentation and other standard confirmations, including insurance, to the satisfaction of authorities, senior lenders and other syndicate members,” Kefi states.

Meanwhile, Kefi is also awaiting the granting of a mining licence for the Jibal Qutman gold project and continues with exploration on the Hawiah project, both in Saudi Arabia.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Industrial Nozzles & Systems (Pty) Ltd
Industrial Nozzles & Systems (Pty) Ltd

Industrial Nozzles & Systems (Pty) Ltd (Est. 2000) exclusive representative in Southern Africa for LECHLER GmbH (Est. 1879) - Europe's leading...

VISIT SHOWROOM 
ATI Systems
ATI Systems

ATI systems comprises five divisions: electrical assemblies, drives and controls, feedback sensors, enclosures, and strip guiding.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.053 1.027s - 140pq - 2rq
Subscribe Now