Scoping review confirms Tulu Kapi potential
JOHANNESBURG (miningweekly.com) – Gold exploration and development company Kefi Minerals on Wednesday announced that a scoping-level review of the Tulu Kapi gold project, in Ethiopia, which it acquired on December 30, indicated potential for further improvement in the project’s economic performance.
Through its scoping-level review, Kefi confirmed that the targeted openpit mine production for the project could be increased to 1.2-million ounces a year, as opposed to the company’s preacquisition estimate of 800 000 oz/y.
The review also confirmed the project’s estimated all-in costs of around $700/oz, while the maximum amount of ore processed yearly still stood at 1.2-million tonnes a year.
"We are delighted with the sustained progress at Tulu Kapi. This increase in targeted openpit mine production further validates our strategy in acquiring the project five months ago,” Kefi MD Jeff Rayner said.
The company added that a revised Tulu Kapi mine plan had been developed reflecting Kefi’s selective mining approach. This mine plan would be further refined within the scheduled definitive feasibility study (DFS), which would take place later this year, following the completion of Kefi’s current drilling and trenching programme.
“[The mine plan] will then be integrated into a refined DFS that will take into account Kefi's metallurgical testing, engineering, cost verification and economic optimisation,” the company stated.
"As we continue to refine the selective mining techniques, we expect to report further improvements during the following months and to reactivate the mining licence application by the end of 2014. As a result, we remain confident of fulfilling our commitment to the Ethiopian government that production will start in 2016," Rayner concluded.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Yale Lifting Solutions is a leading supplier of lifting and material handling equipment in Southern Africa. Yale offers a wide range of quality...
VISIT SHOWROOM
Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
