Gold and copper exploration and development company Kefi Gold and Copper has announced that almost all the prerequisites to begin construction at the Tulu Kapi gold project, in Ethiopia, are now in place. The company revealed details of where the project stands in an operational update issued on September 5 covering developments in Ethiopia regarding Kefi, as well as its wholly-owned Kefi Minerals (Ethiopia) (KME) and majority-owned Tulu Kapi Gold Mines Share Company (TKGM), also in Ethiopia. The update covers the period since the release of Kefi’s quarterly operational update on August 9.
Gold and copper exploration and development company Kefi Gold and Copper has announced that almost all the prerequisites to begin construction at the Tulu Kapi gold project, in Ethiopia, are now in place.
Kefi said the average planned gold production at Tulu Kapi is forecasted to be more than 140 000 oz/y at an all-in sustaining cost of about $950/oz. The necessary Ethiopian laws and regulations continue to be revised in conjunction with the finalisation of the syndicate's definitive agreements among itself and with government agencies.
A recent development was the publication by the EMM of a draft new Mining Proclamation, which is now being compared with TKGM-specific project details. Its latest report has concluded that TKGM's approach to securing the mining licence area, as well as its other sites and transportation routes, aligns with sensible and pragmatic security practices that match best management practices for security.
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