By John Sambo |
Addis Ababa, Ethiopia – The government wants to showcase the opportunities available in mining by hosting an international conference next month in Addis Ababa.
This also comes when KEFI Minerals (KEFI), the gold exploration and development company with projects in Saudi Arabia and Ethiopia, announced final bidding has opened for the contracts for construction of the process plant and operation of its Tulu Kapi gold mine.
Tulu Kapi Gold Mine is situated 28km east of Ayra-Gulliso town in the state of Oromia, Ethiopia. The mine is now owned by KEFI Minerals, who bought 100% of the license held earlier by UK-based gold exploration and development company Nyota Minerals (Ethiopia) by 2014. The property lies in the Tulu Kapi-Ankore license area and has a surface area of 8.44 sq. km.
Harry Anagnostaras-Adams, executive chairman of KEFI Minerals, said last week, “We are pleased to be reaching another milestone in the development of Tulu Kapi, our key asset, and are delighted with the high caliber of the bidders.
“Progress on the project remains on schedule for optimization of development funding this quarter, commencement of works next quarter and production in early 2017.”
Last October, Tolosa Shagi the minister in overseeing the mining sector said during th past four years, Ethiopia had earned more than $2.3 billion from exports of gold, tantalum, opal, marble and other minerals.
“Ethiopia is endowed with a favorable geological environment that hosts a wide range of mineral and geo-energy potential,” he said during the launch of a World Bank report that backed this view.
The Ethiopia International Mining Conference 2015 (EIMC 2015) is scheduled to take place at the United Nations Conference Center between September 23 and 24.
It is being organized by AME Trade Limited United Kingdom in association with the Ministry of Mines of Ethiopia.
The event will feature a two-day conference and an associated trade exhibition. EIMC 2015 will showcase and explore developments in Ethiopia’s thriving mining sector and focus attention on potential opportunities, lessons learned by key investors and the creation of new business partnerships.
The event will offer a unique opportunity for senior representatives from the global mining industry, development partners and other stakeholders to network, share experiences and discuss best practices through case studies while addressing opportunities, challenges and other pertinent issues.
In addition, the forum will feature a deal-driven exhibition allowing companies to market products and services directly to a qualified target audience.
With forecasted GDP growth of 7.2% for 2015, Ethiopia remains one of Africa’s top performing economies.
EIMC 2015 provides the optimal platform to promote and unlock Ethiopia’s mineral potential. The main theme of the conference is: ‘Utilizing Ethiopia’s Natural Resources as the Engine for Sustainable Development’.
According to the organizers, topics to be discussed include investment issues surrounding Ethiopia’s developing mining sector; artisanal and small-scale mining; ensuring mutually beneficial partnerships; update on exploration projects; infrastructure development to support the mines going into operation.
Other issues are electrification and consolidating power provision to the mines.
Sponsors and exhibitors include: Ries Engineering, Alex Stewart International Corporate, Ascom Precious Metals, Kefi Minerals, Hagbes Plc, ALS Services Plc, M/S Super Shiv Shakti Chemicals, Red Sea Housing Services Africa amongst others.
Source: East African Business Week
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