KEFI positions for a defining lift as Tulu Kapi enters full development

KEFI

KEFI Gold and Copper is preparing to launch full development of its Tulu Kapi gold project in Ethiopia in October 2025. This marks the company’s move from prolonged groundwork into full construction mode, backed by a financing package now close to completion. Around US$340 million has been assembled through a mix of debt and equity, drawing participation from regional partners, contractors, and the Ethiopian government.

At site level, early groundwork has already started. Road access, utilities, and camp installations are being mobilised, while the community resettlement programme, critical in Ethiopia’s regulatory landscape, is progressing through its first stages. This period of tangible progress contrasts sharply with previous years of delay, and investors are beginning to view the timeline as credible rather than aspirational.

The company’s broader portfolio adds depth to this phase. In Saudi Arabia, KEFI continues to build value through its Gold and Minerals joint venture, where the Hawiah and Jibal Qutman projects have both reported upgraded resources and improved economics. This growing pipeline provides not only geographic diversification but also future cash flow potential beyond Ethiopia.

KEFI Gold and Copper plc (LON:KEFI) is an exploration and development company focused on gold and copper deposits in the highly prospective Arabian-Nubian Shield. The Company operates in Ethiopia and Saudi Arabia with projects including Tulu Kapi project, Jibal Qutman EL and Hawiah.

Share on:
Find more news, interviews, share price & company profile here for:

Latest Company News

KEFI finalises funding and begins full construction at Tulu Kapi gold project

KEFI has launched full construction of its Tulu Kapi gold mine, with financing secured and production targeted for 2026.

KEFI sets Tulu Kapi on a new development path

KEFI Gold and Copper secures US$340m in project funding plus US$30m in streaming finance to advance its flagship Tulu Kapi mine towards full production by 2027.

KEFI confirms full launch of Tulu Kapi Gold Project

KEFI says contracting and field mobilisation are underway at its Tulu Kapi Gold Project in Ethiopia, with a US$340m funding package assembled and commissioning targeted for late 2027 ahead of full production in 2028.

Gold prices break through $4400 as investors position ahead of rate cuts

Gold crosses $4400 for the first time as investors reposition ahead of expected rate cuts and weaker currencies.

KEFI Tulu Kapi Gold Project update on US$30m funding

KEFI has confirmed it has signed a term sheet for US$30 million in equity-ranking gold stream funding for its Tulu Kapi Gold Project in Ethiopia.

Gold is holding firm as the Fed signals a pause

Gold is holding firm above $4,300 as the Fed signals an extended pause and investors reassess portfolio risk.

Search

Search