Tulu Kapi Gold Mines (TKGM), the gold and copper exploration and development company with projects in Ethiopia and Saudi Arabia, signed the Final Umbrella Agreement with two of its major industry contractors handling projects in over 20 African countries, PW Mining, British earthmoving construction firm, and Lycopodium, Australian process plant construction company, envisaging full Tulu Kapi Gold project deployment, located 28km east of Ayra-Gulliso town, in Western Oromia.
The agreement is said to outline a timeline for the start of full project development right away government gives the all-clear on security, community, and few unconcluded administrative issues, such as the working details of the international banking arrangements.
The agreement was attended by Abera Mamo, country director for TKGM, Harry Anagnostaras-Adams, chairman for KEFI, Ciaran Quinn, finance director for PW Mining, Tony O’Neill, contracts manager for PW Mining, H.E Julia Niblett, Australian Ambassador to Ethiopia representing Lycopodium, Lelise Neme, commissioner for Ethiopian Investment Commission (EIC), Semereta Sewasew, state minister of finance, and other government officials.
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.
