Tulu Kapi Gold Mine is situated 28km east of Ayra-Gulliso town in the state of Oromia, Ethiopia. Gold deposit in Tulu Kapi gold mines Ethiopia was discovered and mined on a small scale by an Italian consortium in the 1930’s. And in 2009 Nyota Minerals Limited acquired the licences Tulu Kapi gold mine and then undertook extensive exploration and drilling which culminated in December 2012.
Tulu Kapi gold mines in Ethiopia 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.
KEFI Minerals was formed on 24 October 2006 with a view to creating shareholder value through the discovery and exploitation of gold and copper deposits. The Company’s initial assets were EMED Mining’s exploration interests in Turkey and Bulgaria.