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This package is designed to fund all infrastructure, the start-up of the open pit mine and the initial development of the underground mine.
Tulu Kapi Gold Mines has presented its project finance syndicate and submitted its project finance plan to the Ethiopian Central Bank.
Make hay while the sun shines. But for the holders of 27 mining licences in Ethiopia, the sun has set on their ambitions in the country.
The company is focused on its Ethiopian licences that comprise combined gold resources of 915 000 oz. indicated and 977 000 oz. inferred.