{"id":20006,"date":"2023-04-27T20:50:18","date_gmt":"2023-04-27T20:50:18","guid":{"rendered":"https:\/\/www.africa-press.net\/ethiopia\/all-news\/tulu-kapi-gold-mine-envisages-full-project-deployment-signs-final-umbrella-agreement"},"modified":"2023-04-27T22:06:12","modified_gmt":"2023-04-27T22:06:12","slug":"tulu-kapi-gold-mine-envisages-full-project-deployment-signs-final-umbrella-agreement","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ethiopia\/all-news\/tulu-kapi-gold-mine-envisages-full-project-deployment-signs-final-umbrella-agreement","title":{"rendered":"Tulu Kapi Gold Mine Envisages Full Project Deployment, Signs Final Umbrella Agreement"},"content":{"rendered":"

Africa-Press – Ethiopia. <\/strong><\/span>Tulu Kapi Gold Mines (TKGM) has signed the Final Umbrella Agreement with two of its major industry contractors, British earthmoving construction firm, PW Mining and Australian process plant construction company, Lycopodium.<\/p>\n

Tulu Kapi, the gold and copper exploration and development company is the first mining project in Wolega, Oromia Regional State.<\/p>\n

After signing the agreement, chairman for KEFI, Harry Anagnostaras-Adams, told ENA that it is a large project; it’ll be exporting approximately 300 million USD per annum gold and silver upon completion of construction by 2025.<\/p>\n

It will employ directly and indirectly up to 10,000 people, and Foreign Direct Investment so far has been about 100 million USD, and with an additional 400 million USD to complete the project.<\/p>\n

\u201cThose steps we have to go through with the government obviously, finalizing all the arrangements in the community… as soon as all preparations complete, we can move forward and we have two years of construction and gold production,\u201d he said.<\/p>\n

He noted that his company Kapi is a sponsoring company and brought Africa\u2019s largest development bank as part of it.<\/p>\n

He added we brought in very large contractors who specialized in mining–British and Australian contractors in different aspects of the project.<\/p>\n

\u201cWe have a number of investors through us and also the federal government and the regional government are also shareholders. So, it’s a public private partnership with Kapi the largest shareholder and government is a key shareholder but also banks and contractors playing their role in the project,\u201d he said.<\/p>\n

The agreement was attended by, including, country director for TKGM, Abera Mamo, Chairman for KEFI, Harry Anagnostaras-Adams, finance director for PW Mining, Ciaran Quinn, commissioner for Ethiopian Investment Commission (EIC), Lelise Neme, state minister of finance, Semereta Sewasew and other government officials.<\/p>\n

For More News And Analysis About Ethiopia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Ethiopia. Tulu Kapi Gold Mines (TKGM) has signed the Final Umbrella Agreement with two of its major industry contractors, British earthmoving construction firm, PW Mining and Australian process plant construction company, Lycopodium. Tulu Kapi, the gold and copper exploration and development company is the first mining project in Wolega, Oromia Regional State. After […]<\/p>\n","protected":false},"author":84,"featured_media":20004,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,277,235],"class_list":["post-20006","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-ethiopia-2","tag-ethiopia"],"yoast_head":"\nTulu Kapi Gold Mine Envisages Full Project Deployment, Signs Final Umbrella Agreement - Ethiopia<\/title>\n<meta name=\"description\" content=\"Tulu Kapi Gold Mines (TKGM) has signed the Final Umbrella Agreement with two of its major industry contractors, British ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/tulu-kapi-gold-mine-envisages-full-project-deployment-signs-final-umbrella-agreement\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tulu Kapi Gold Mine Envisages Full Project Deployment, Signs Final Umbrella Agreement\" \/>\n<meta property=\"og:description\" content=\"Tulu Kapi Gold Mines (TKGM) has signed the Final Umbrella Agreement with two of its major industry contractors, British ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/tulu-kapi-gold-mine-envisages-full-project-deployment-signs-final-umbrella-agreement\" \/>\n<meta property=\"og:site_name\" content=\"Ethiopia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-27T20:50:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-27T22:06:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/ethiopia\/sites\/50\/2023\/04\/postQueueImg_1682612427.94.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1156\" \/>\n\t<meta property=\"og:image:height\" content=\"651\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/tulu-kapi-gold-mine-envisages-full-project-deployment-signs-final-umbrella-agreement#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/tulu-kapi-gold-mine-envisages-full-project-deployment-signs-final-umbrella-agreement\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Tulu Kapi Gold Mine Envisages Full Project Deployment, Signs Final Umbrella Agreement\",\"datePublished\":\"2023-04-27T20:50:18+00:00\",\"dateModified\":\"2023-04-27T22:06:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/tulu-kapi-gold-mine-envisages-full-project-deployment-signs-final-umbrella-agreement\"},\"wordCount\":314,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/tulu-kapi-gold-mine-envisages-full-project-deployment-signs-final-umbrella-agreement#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ethiopia\/sites\/50\/2023\/04\/postQueueImg_1682612427.94.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Ethiopia\",\"ethiopia\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/tulu-kapi-gold-mine-envisages-full-project-deployment-signs-final-umbrella-agreement#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/tulu-kapi-gold-mine-envisages-full-project-deployment-signs-final-umbrella-agreement\",\"url\":\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/tulu-kapi-gold-mine-envisages-full-project-deployment-signs-final-umbrella-agreement\",\"name\":\"Tulu Kapi Gold Mine Envisages Full Project Deployment, Signs Final Umbrella Agreement - 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