JOHANNESBURG (miningweekly.com) – Aim-listed Kefi Minerals, along with the government of Ethiopia, have started resettlement arrangements for the Tulu Kapi community.
"Kefi and the government have worked diligently with the local community to ensure that they are supported and compensated appropriately throughout the resettlement process,” executive chairperson Harry Anagnostaras-Adams said.
Kefi is developing the Tulu Kapi mine, which will produce some 961 000 oz of gold over a 13-year mine life.
Anagnostaras-Adams noted that all stakeholders recognise the value-added contribution the project is expected to make, especially to the community and district, including the provision of training and long-term jobs for over 500 people, a significant local economic multiplier effect, and the generation of over $1-billion of hard currency exports from an initial openpit operation.
"With this vital step now taken, we look forward to progressing with the final steps ahead before commencing construction," Anagnostaras-Adams said.