KEFI – Tulu Kapi Gold Processing Plant – Ethiopia - Project Profile
"KEFI – Tulu Kapi Gold Processing Plant – Ethiopia - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.
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KEFI Minerals (KEFI) is undertaking the construction of a gold processing plant in Western Wollega, Tulu Kapi, Ethiopia.
The project involves the construction of a gold processing plant with a capacity of 100,000 ounces of gold per year. It includes the construction of storage units, warehouses, processing units and related infrastructure, and the installation of machinery.
On April 13, 2015, KEFI secured gold production license from the Ministry of Mines, Ethiopia.
KEFI signed an agreement with Ethiopian Government to develop the project. Under, the terms include a 20-year mining license, full permits for the development and operation of the project.
Field Fisher Waterhouse LLP has been appointed as the legal advisor for the project.
In June 2015, KEFI completed a feasibility study for the project. In August 2015, KEFI shortlisted four international companies to supply, erect and commission the project.
In October 2015, Sedgman limited has been appointed as Turnkey contractor for the project. Sedgman will provide equipment specification and procurement service, front-end engineering and design works, engineering, procurement and construction works and construction management services for the project.
In May 2016, project finance syndication continues towards formal approval from the finance syndicate
In June 2016, Lycopodium has been appointed as the engineering, procurement and construction (“EPC”) contractor replacing Sedgman and Ausdrill as the mining contractor.
In October 2016, the Ethiopian government agreed to invest US$20 million in the development of project.
In July 2017, KEFI Minerals signed an agreement with Oryx for US$135 million of lease funding for Tulu Kapi.
KEFI is in the process of securing finance for the project.
The project involves the construction of a gold processing plant with a capacity of 100,000 ounces of gold per year in Western Wollega, Tulu Kapi, Ethiopia.
The US$160 million project includes the following:
1. Construction of processing units
2. Construction of warehouses
3. Construction of storage units
4. Installation of machinery
5. Construction of related infrastructure
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