After three tumultuous years of civil war in Ethiopia, the founder of Kefi Gold and Copper (AIM: KEFI) pinches himself over the East African country’s emergence as a mining investment destination.
Harry Anagnostaras-Adams’ Kefi, is about to start building the US$320-million Tulu Kapi gold mine in the country’s west, about 360 km from Addis Ababa. With other companies such as the Peter Marrone-led Allied Gold (TSX: AAUC) pulling the trigger on the US$500 million Kurmuk gold mine construction and Sun Peak Metals (TSXV: PEAK) spending on the Shire gold exploration project – the mining sun is rising on Ethiopia’s portion of the Arabian-Nubian Shield.
“This isn’t just a mine opening; it’s a strategic economic milestone for Ethiopia,” Anagnostaras-Adams, who’s also Kefi’s executive chairman, tells The Northern Miner. “The construction start symbolizes Kefi’s role in the nation’s budding gold sector.”
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.
