KEFI Gold and Copper PLC (AIM: KEFI) has announced that a groundbreaking ceremony was held today for its high-grade, high-recovery Tulu Kapi Gold Project in Ethiopia, owned through its subsidiary Tulu Kapi Gold Mines S.C. (TKGM).
The event formally marked the start of construction and was attended by Ethiopian Prime Minister Abiy Ahmed Ali and Oromia Regional State President Shimelis Abdisa, alongside senior government officials, local community representatives, project stakeholders and members of the KEFI/TKGM team.
The ceremony took place at the site of a new village precinct in Genji, being developed to accommodate farmers resettled from the Tulu Kapi mining licence area. KEFI said this forms part of TKGM’s livelihood restoration and development programme, which includes financial compensation, new farmland, vocational training, and improved education and health facilities.
Founder and Executive Chairman Harry Anagnostaras-Adams said KEFI was proud to be entrusted with delivering what it believes is Africa’s highest-grade and highest-recovery gold development. He added that the project, backed by major African development institutions and international mining investors, is being implemented to the highest Ethiopian and international standards across environmental, social, technical and financial disciplines.
