Ministry of Mines extends the deadline set for Kefi Minerals to bring finance for the Tulu Kapi Gold Project in Wollega, Oromia Region.
The Ministry informed the executives of Kefi to procure the necessary finance for the gold exploration project before the end of January 2022.
Kefi confirmed to the Ministry its intention to launch key Project development activities and confirmed the identified Project finance in December 2021, with a plan to begin commissioning in 2023.
In September 2021, Kefi was forced to suspend operations after four of its employees abducted. They were released last month, though the company is yet to recommence operations fully because of the tense security situation in the mining area.