KEFI Gold and Copper PLC (LSE:KEFI) has provided an update on its Tulu Kapi Gold Project in Ethiopia, outlining a $340 million capital budget and a $240 million debt facility. Full-scale development is scheduled to begin in October 2025, with extensive preparations underway, including community resettlement and infrastructure development. The project is expected to strengthen KEFI’s position in the gold mining sector and support the growth of Ethiopia’s gold industry.
About KEFI Gold and Copper PLC
KEFI Gold and Copper PLC is an exploration and development company focused on gold and copper projects within the Arabian-Nubian Shield, operating primarily in Ethiopia and Saudi Arabia.
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