{"id":28686,"date":"2024-05-20T11:43:58","date_gmt":"2024-05-20T11:43:58","guid":{"rendered":"https:\/\/www.africa-press.net\/ethiopia\/all-news\/kefi-gold-launches-tulu-kapi-gold-mine-project-in-ethiopias-oromia-region"},"modified":"2024-05-20T12:55:20","modified_gmt":"2024-05-20T12:55:20","slug":"kefi-gold-launches-tulu-kapi-gold-mine-project-in-ethiopias-oromia-region","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ethiopia\/all-news\/kefi-gold-launches-tulu-kapi-gold-mine-project-in-ethiopias-oromia-region","title":{"rendered":"KEFI Gold launches Tulu Kapi Gold Mine project in Ethiopia’s Oromia region"},"content":{"rendered":"

Africa-Press – Ethiopia. <\/strong><\/span>The decision to launch the project was made by the board of TKGM, which includes representatives from the Ethiopian federal and Oromia regional governments, according to a statement from KEFI.<\/p>\n

The Cyprus-based company stated that the launch follows the deployment of dedicated site policing and the subsequent conditional confirmations from all members of the project\u2019s finance syndicate.<\/p>\n

KEFI also mentioned that an updated corporate presentation will be made available on its website, which will include details of the finance plan and key economic metrics related to the project.<\/p>\n

The Tulu Kapi gold project, located 28km east of Ayra-Gulliso town in the West Wollega zone of the Oromia region, represents a significant development in Ethiopia\u2019s mining sector, being the first industrial-scale mining initiative in the country for approximately 30 years.<\/p>\n

Harry Adams, KEFI\u2019s executive chairman, commented on the launch timing, stating, \u201cOur launch timing is fortuitously coinciding with the improved conditions in Ethiopia and all-time high gold prices.\u201d<\/p>\n

Adams disclosed that the company plans to complete the early works of the project on schedule and meet all necessary conditions to drawdown full project finance, allowing the major works of the initiative to begin in October 2024.<\/p>\n

He emphasized that the company\u2019s approach to the project is in line with being a first mover adhering to high standards in various aspects, adding, \u201cThis deliberately sequenced and disciplined approach is commensurate with being a first mover adhering to the highest performance standards.\u201d<\/p>\n

Previously, KEFI announced it had achieved a significant milestone in securing funding for its high-grade Tulu Kapi gold project with the approval of a $320 million financial package from the lead lender.<\/p>\n

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

Africa-Press – Ethiopia. The decision to launch the project was made by the board of TKGM, which includes representatives from the Ethiopian federal and Oromia regional governments, according to a statement from KEFI. The Cyprus-based company stated that the launch follows the deployment of dedicated site policing and the subsequent conditional confirmations from all members […]<\/p>\n","protected":false},"author":84,"featured_media":28685,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,277,235],"class_list":["post-28686","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":"\nKEFI Gold launches Tulu Kapi Gold Mine project in Ethiopia's Oromia region - Ethiopia<\/title>\n<meta name=\"description\" content=\"The decision to launch the project was made by the board of TKGM, which includes representatives from the Ethiopian fede ...\" \/>\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\/kefi-gold-launches-tulu-kapi-gold-mine-project-in-ethiopias-oromia-region\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"KEFI Gold launches Tulu Kapi Gold Mine project in Ethiopia's Oromia region\" \/>\n<meta property=\"og:description\" content=\"The decision to launch the project was made by the board of TKGM, which includes representatives from the Ethiopian fede ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/kefi-gold-launches-tulu-kapi-gold-mine-project-in-ethiopias-oromia-region\" \/>\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=\"2024-05-20T11:43:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-20T12:55:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/ethiopia\/sites\/50\/2024\/05\/sm_1716193210.5977.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"731\" \/>\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=\"1 minute\" \/>\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\/kefi-gold-launches-tulu-kapi-gold-mine-project-in-ethiopias-oromia-region#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/kefi-gold-launches-tulu-kapi-gold-mine-project-in-ethiopias-oromia-region\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"KEFI Gold launches Tulu Kapi Gold Mine project in Ethiopia’s Oromia region\",\"datePublished\":\"2024-05-20T11:43:58+00:00\",\"dateModified\":\"2024-05-20T12:55:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/kefi-gold-launches-tulu-kapi-gold-mine-project-in-ethiopias-oromia-region\"},\"wordCount\":297,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/kefi-gold-launches-tulu-kapi-gold-mine-project-in-ethiopias-oromia-region#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ethiopia\/sites\/50\/2024\/05\/sm_1716193210.5977.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\/kefi-gold-launches-tulu-kapi-gold-mine-project-in-ethiopias-oromia-region#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/kefi-gold-launches-tulu-kapi-gold-mine-project-in-ethiopias-oromia-region\",\"url\":\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/kefi-gold-launches-tulu-kapi-gold-mine-project-in-ethiopias-oromia-region\",\"name\":\"KEFI Gold launches Tulu Kapi Gold Mine project in Ethiopia's Oromia region - 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