Ethiopia’s Tulukapi mine to open by KEFI Gold and Copper

According to KEFI Gold and Copper PLC, a mining exploration and development company, the open-pit Tulu Kapi project in Ethiopia will begin construction by 2023, with production beginning in 2025.

The equity development capital and 320 million USD were both obtained by KEFI Gold and Copper PLC. Additionally, they have purchased the project’s crucial permits and a 70 million USD mining fleet from the designated mining contractor. All of these together show that the project has full funding and is prepared for the board’s approval.

London-listed company KEFI Gold and Copper plc (LON:KEFI) is an exploration and development company focused on gold and copper deposits in the highly prospective Arabian-Nubian Shield. The Company operates in Ethiopia and Saudi Arabia with projects including Tulu Kapi project, Jibal Qutman EL and Hawiah.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
Twitter
LinkedIn
KEFI Gold and Copper

More articles like this

KEFI Gold and Copper

Rising demand for Copper driven by electric vehicles and AI

Flourishing activity in the electric vehicle, power infrastructure, AI and automation sectors will lead to at least 10m tonnes of additional copper consumption over the next decade, commodity trader Trafigura told Reuters. Technological developments such as

KEFI Gold and Copper

Copper prices soar to 11-month high on Chinese smelter cuts

Copper prices soar to an 11-month high as Chinese smelters cut production, sparking potential long-term investment opportunities. Copper prices skyrocketed to over $4.1 per pound, hitting their highest point in more than eleven months. This surge

KEFI Gold and Copper

Gold prices near two-month high

Gold prices lingered close to a two-month high on Monday, after softer US economic readings last week cemented prospects of an interest rate cut in June by the Federal Reserve. Spot gold edged 0.1% lower to

KEFI Gold and Copper

KEFI unveils Abu Salal deposit in Saudi Arabia

KEFI Gold and Copper has unveiled the discovery of a third significant copper-gold deposit within the expansive Hawiah Copper-Gold district in Saudi Arabia. This follows the original Hawiah discovery when drilling commenced in 2019 and the