The UK gold exploration and development company, KEFI Minerals, has raised an additional investment capital of GBP 3.7 million for the development of the Tulu Kapi gold mine in Western Wollega, in the Oromia Regional State.
GreenComm Technologies LLC Ethiopia is set to construct a GTL (Gas to Liquids) Refinery, worth USD 3.6 Billion, to help Ethiopia take advantage of its natural gas deposit and help it transition into liquid petroleum gas and petrochemicals.
The account of expanding contraband activities in various boarder areas of the country, the amount of gold produced by artisanal miners in various regional states and being channeled to the National Bank of Ethiopia (NBE) keeps dwindling, The Reporter has learnt.
Kefi Minerals Plc, a UK-based gold exploration and Development Company, and its Ethiopian subsidiary Tulu Kapi Gold Mine Share Company Limited, which it owns in partnership with Ethiopian government, are set to start the next phase of the development of its mining concession in October, 2019, The Reporter has learnt.
Kefi Mineral’s Plc, a UK gold exploration and development company, involved in gold mining development project located in West Wellega Zone, Tullu Kepi woreda has been attacked by an armed group, The Reporter has learnt.
The House of People’s Representatives (HPR), on Thursday, approved a draft proclamation regulating the country’s mining sector and transactions empowering regional states with the right to grant and regulate mining and competency licenses.