Founded in 2006, KEFI Gold and Copper Plc, formerly KEFI Minerals Plc, is an exploration and development company focused on gold and copper deposits in the highly prospective Arabian-Nubian Shield. The company primarily focuses on developing the advances Tulu Kapi gold project in Ethiopia that consist of 1.05 million ounces of probable ore reserve and 1.7 million ounces of mineral resources. Its initial assets were EMED Mining’s exploration interest in Bulgaria and Turkey. The company’s aim is to create value for its shareholders by developing into profitable gold and base metal mines that has been discovered or acquired in a cost-effective manner. The company’s shares are traded on the London Stock Exchange since 2006 as LON: KEFI.
The company closely works with ARTAR in Saudi Arabia for its gold and minerals limited joint venture and with the government in Ethiopia for Tulu Kapi Gold mines Share Company, which is jointly owned Ethiopia Project Company. The company mainly operates in Saudi Arabia and Ethiopia. In Saudi Arabia the company’s projects include Jibal Qutman and Hawiah EL. The Jibal Qutman project is located in the central southern region of the Arabian-Nubian Shield and covers total area of 99.km sq. it is engaged in the production of gold through an open cut operation.
The Hawiah EL project is located in the southwest of the Arabian Shield within the Wadi Bidah Mineral District and it consists of large-scale Volcanic Massive Sulphide style of mineralization underlies the gossanous ridgeline that was drilled by G&M in 2019, it also discovered copper-zinc-silver-gold massive sulphide lodes. Tulu Kapi project is located in Western Ethiopia with probable ore reserves of 1.05 million ounces and mineral resources totaling 1.72 million ounces of gold. In 2015, the company entered into Tulu Kapi Mining Agreement with the Ethiopia Government with terms that includes a 5% government free-carried interest, 20 year mining License and full permits for the development and operation of the Tulu Kapi project.
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