Country
Ethiopia
Sector
Mining & Minerals
Intelligence Type
Project
Status / Stage
Financing Sought
Estimated Value
USD Million 300
Confidence
Reported
Latest Development
Ethiopia’s first large-scale gold mine — 140,000+ oz/year open-pit. KEFI Gold and Copper (AIM, 75%); Ethiopian government (25%). Financing renewed 2025. Mining Review identified as top Africa mining milestone for 2026. Construction targeted 2026, first gold 2027-2028.
Project Details
Project TypeOpen-pit gold mine + processing plant
Project OwnerKEFI Gold and Copper (75%); Ethiopian government (25%)
Project DeveloperKEFI Gold and Copper (AIM-listed)
Expected CompletionFirst gold 2027-2028
Current PhaseFinancing
Funding StatusPartial
Key Issues / Risks
Financing complex, delayed repeatedly since 2019. Ethiopian post-civil war environment adds risk.
Latest Development (Detail)
Mining Review March 2026 — top Africa mining milestone for 2026. Financing renewed 2025.
What Happens Next
Financial close — enabling construction commencement.
Commercial Opportunity
Ethiopia's first major gold mine — precedent for mining investment in the country.
Commercial Opportunity Intelligence
Commercial ReadinessApproaching
Source & Verification Trail
Last VerifiedAugust 2026
Source(s)Mining Review March 10 2026; KEFI Gold investor presentations; AIM filings
Source DateMarch 2026