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Kefi confirms Tulu Kapi mine development will start in October

4th September 2019

By: Marleny Arnoldi

Online News Editor

     

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Aim-listed gold developer Kefi Minerals on Wednesday confirmed that development of the Tulu Kapi gold mine, in Ethiopia, will start in October.

The mine has a 24-month development schedule and should achieve full production in 2021.

Kefi chairperson Harry Anagnostaras-Adams stated that Tulu Kapi would be the first modern mine to be developed in the country in decades.

The mine will make use of a conventional openpit drill-and-blast, load-and-haul mining method and will produce about 145 000 oz/y of gold.

A preliminary economic assessment completed in early 2016 indicated that the addition of an underground mine had the potential to increase total openpit and underground gold production to more than 150 000 oz/y over four years.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

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