The Tulu Kapi gold deposit was discovered and mined on a small scale by an Italian consortium in the 1930's. Nyota Minerals Limited acquired the licences in 2009 and then undertook extensive exploration and drilling which culminated in an initial DFS in in December 2012 based on a 2.0Mtpa processing plant and capital expenditure totalling $290 million.
Jun 15, 2010· The Tulu Kapi–Ankore and Yubdo Exploration Licenses are held for gold exploration, whilst the Yubdo Mining License is held for platinum mining. Nyota's Exploration Licenses are located in western Ethiopia in Wellega Province, Oromia Regional State, in Western Ethiopia, approximately 360 kilometers west of the capital Addis Ababa.
Aug 30, 2012· British firm Nyota Minerals is about to become the first foreign company to receive a mining licence to extract gold from an estimated resource of 52 tonnes in western Ethiopia. Its chief ...
Oct 11, 2012· Nyota Minerals chief executive Richard Chase London, England — 11 October 2012 – Gold explorer Nyota Minerals says it has been approached by investors who wish to partner with the company to help finance a mine in Ethiopia, adding to confidence that its project will get off the ground. Reuters reports that Nyota "' listed on London's junior market with a market capitalisation of £33 ...
May 28, 2010· The International Finance Corporation (IFC), the World Bank's private sector lender, said it had invested 3.4 million pounds ($5 million) in Ethiopia's fledgling gold mining sector through Nyota ...
• Tullo Kapi gold/silver mine project in the Oromia region was sold by Nyota Minerals Limited (Ethiopian) to KEFI Minerals (British). The same is true in the oil/gas sector, entertained with a ...
The exploitation of placer gold in Ethiopia dates back at least 3,500 years and large quantities of gold have been produced to date, chiefly from placer deposits. Mineral exploration began in the late 1890s by international mining companies, however modern mineral exploration only started in 1968.
Jan 27, 2012· Name: Tulu Kapi mine.. Location: The Tulu Kapi mine is located 28 km east of the town of Ayra-Gulliso and 510 km from Addis Ababa, in western Ethiopia, in the Oromia regional state.. Brief ...
Sep 30, 2014· Quarterly Report for the period ended 30 September 2014 by 24hGold 24hgold
Gold Mining and Its Effect on Natural and Socio-Economic Environment: the Case of Oddo Shakisso District, Oromia Region, Ethiopia. (Mining Policy Implementation Assessment
Tulu Kapi Gold Mine is situated 28km east of Ayra-Gulliso town in the state of Oromia, Ethiopia. The mine is owned by KEFI Minerals, who bought 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 ...
Jun 06, 2013· Nyota Minerals discovered New Gold Anomaly in Western Ethiopia Written by 2M Editor Published on 06 June 2013 Category: Energy and Mining Nyota Minerals, the dual listed on the AIM Market of the London Stock Exchange (AIM:NYO.L) and the Australian Stock Exchange gold exploration and development company, has reported the discovery of a new gold anomaly at the Boka-West …
While MIDROC is working in southern Ethiopia, NYOTA Minerals Ltd is working in western Ethiopia. A domestic firm called Ethiopian Mining Company is also engaged in gold mining in the northern Tigray State. ASCOM has recently found gold reserve in Benishangul Gumuz regional state, southwest of Ethiopia.
Feb 06, 2021· Ethiopia Background Ethiopia, the landlocked state in the Horn of Africa, is one of the oldest countries in the world. Officially known as the Federal Democratic Republic of Ethiopia, it is the second most populous nation in Africa with over 90 million people and the tenth largest by area. Ethiopia has been an independent country since ancient times, and one of only two countries that has ...
The Tulu Kapi exploration licence was granted to Minerva Resources in May 2005, prior to the acquisition of the project by Dwyka Resources Limited (subsequently renamed to Nyota Minerals Ethiopia Ltd.) in August 2009. The Tulu Kapi mining license is now owned by …
Mar 29, 2010· Ethiopia already hosts the operating gold mine of Lege Dembi, which produces some 100,000 ounces of gold a year. Tulu Kapi is located in the Wellega province in western Ethiopia and overall Nyota holds three gold exploration licences in the area covering 510 km2.
Apr 02, 2014· Nyota Minerals Limited (ASX/AIM: NYO), the gold exploration company in East Africa, notes the Quarterly Operational Report released by KEFI Minerals Plc ('KEFI'). Nyota is a 25% shareholder in KEFI Minerals (Ethiopia) Limited ('KME'), which owns of the Tulu Kapi gold project in Ethiopia ('Tulu Kapi' or 'TK'), and is also the largest ...
Mustefa Mohammad | Ethiopia | External Lecturer at Bule Hora | At Nyota Minerals (Ethiopia) ltd,I had been working on geotechnical logging, QA/QC,Geology logging,Geochemistry,Sampling,Regional mapping,soil sampling, and generally on detail map working and exploration work.Besides, I also worked on rig site as rig geologist on DD,RC machine and core marking and Litho-logging, supervision on rig ...
The new management team at Perth-based international explorer Nyota has called an urgent review of its investment in the Ivrea nickel-copper project in Italy, the company's main focus since it was denied rights to alluvial gold deposits in Ethiopia. New chairman Jonathan Morley-Kirk says the review should be completed by end-June.
Feb 24, 2020· "From gold to quarry mining sector so far 1,200 licenses were given in the region to explore/develop the mining resource of the region," Fisseha told Capital. In the gold sector Ezana Mining Development is engaged in production and for the year it has supplied 2.7 quintals of gold for the National Bank of Ethiopia.
Transforming the mining sector in Ethiopia. Even if gold mining is a relatively better performing sector, Ethiopia earned only about USD 1.7 billion in 2012 from five tons of gold per year.The other major area of transformation is the Artisanal Mining and Marketing Promotion Program. Read more
Nyota has appointed an investment bank to help it find a partner to bring on its $221M Tulu Kapi gold mine. NYOTA GETS HELP ON STALLED ETHIOPIAN GOLD PROJECT | Mining Business Media - Resources, Minerals, Metals, Coal, Exploration Geology
Washington, D.C./ Addis Ababa, Ethiopia, May 27, 2010—IFC, a member of the World Bank Group, today agreed to invest 3.4 million British pounds in Nyota Minerals Ltd. to support a gold exploration project that is expected to provide jobs and government revenues to Ethiopia once the mine …
Nyota Minerals Limited, a British company, announced last week the discovery of a new gold anomaly at the Company's 100pc owned northern block exploration areas located in Western Ethiopia. Boka-West gold-in-soil anomaly extends for two kilometres in length and is up to 500m wide.
Nyota Minerals (ASX: NYO, LON: NYO) has discovered a feeder zone style mineralisation characterised by abundant visible gold and associated high gold grades at its Tulu Kapi gold project in Ethiopia. Investors cheered the news, sending Nyota shares surging more …
At present, Ethiopia has a single large-scale gold mine, Lega Dembi, in the southern area of the country, owned by Midroc (98%) and the Ethiopian government (2%). Another advanced project is located at Tulu Kapi, in the west central area of the country, owned by Nyota Minerals Limited.
Aug 30, 2012· British firm Nyota Minerals is about to become the first foreign company to receive a mining licence to extract gold from an estimated resource of 52 tonnes in western Ethiopia. Its chief executive, Richard Chase, was involved in Tanzania's gold boom in the 1990s. He believes Ethiopia …
5.3 Mining status in Tigray Regional State There are no large-scale mining companies in this region except: a A giant US gold mining company – Newmont – which is developing a large-scale gold mine jointly with Ezana Mining Development (an Ethiopian company) in Shire, North-western zone of Tigray, Ethiopia.