Ethiopia is punted by many as the hot new mining destination in Africa, although many others, including Baissac, warns about the country’s inherent political risks, which never seems to abate in this East African anomaly.
Nonetheless, Ethiopia will soon see gold poured at the first industrial mine to be opened in the country in many decades. Kefi Minerals’ exceptional feat in North Africa should be lauded and bodes well for the future of mining in this region. Kefi’s Tulu Kapi project boasts a probable ore reserve of 1.05 million. It is expected that the mine will generate close to USD250-million per annum.
KEFI Minerals plc (LON:KEFI) is an exploration and development company focussed on gold and copper deposits, primarily in the highly prospective Arabian-Nubian Shield.