The Tulu Kapi Gold Project will generate direct employment for approximately 1,000 people from West Wolega and indirect employment for 5-10 times that number of people. These two banks have already worked with the Ethiopian Government on several initiatives including their work with Tulu Kapi Gold Mines Share Company. As part of the Tulu Kapi Project Consortium, the banks signed their initial deal terms sheets two years ago. BackgroundThe Tulu Kapi gold deposit was discovered and mined on a small scale by an Italian consortium in the 1930’s. The Exploration Licences held by KEFI Minerals (Ethiopia) Limited cover an area of approximately 200 square kilometres over and near the Tulu Kapi deposit.

Source: Ethiopian News December 23, 2021 20:29 UTC