UK based company Expands mining project to Africa

Posted on : Saturday , 20th June 2015

 The Ethiopian government has entered a gold development agreement with UK-based gold mining company Kefi Minerals goldmine-pixabayKefi Minerals has conducted a feasibility study, which has revealed that there are 28 tonnes of gold. (Image source: Pixabay) Ethiopia’s minister of mine Tolosa Shagi signed the agreement with Kefi Minerals. The UK-based company will mine for gold and silver in the Gonji Area, located in the western Wellega Zone of Oromia Regional State, over a period of 20 years. The agreement marks the country’s second gold development for export, after the Adolla Goldmine, which is considered the oldest in the country.