Diamond drilling at Tulu Kapi in 2012, Photo: Kefi MineralsAddis Abeba – Major local and international stakeholders of the Tulu Kapi Gold Mining Project, Ethiopia’s first modern mining development have met in Addis Abeba on 23 February to discuss and resolve regulatory and legal issues which is believed to pave the way to commence activities on the ground. According to a statement sent to Addis Standard by Tulu Kapi Gold Mines S.C, the project is “Ethiopia’s only ‘ready-to-start’ industrial mining project, making it the country’s first large-scale mining project for some 30 years and is designed to the highest international standards”. The stakeholders meeting was intended to resolve regulatory approvals, legal documents, security protection and preparation of the community among other things according to Harry Anagnostaras-Adams, Chairman of Tulu Kapi Gold Mines S.C and its UK parent Company KEFI Gold and Copper PLC. Resolving these issues is necessary “so that the project can be financed in an internationally standard manner for the mining industry…, and finish all project preparations quickly” he added. KEFI Gold and Copper PLC has recently announced that the finance plan of $320 million for financing of the Tulu Kapi Gold had been agreed upon in principle by the lenders.

Source: Ethiopian News February 26, 2023 06:52 UTC