Mining Magazine September 2017 | Page 39

AFRICA

980,000oz

Open-pit gold output forecast at Tulu Kapi over 10 years

careful enough , and successful enough to establish a platform there and be a part of that from ground zero .”
Trenching work at the Tulu Kapi gold project
Gold sample from the surveying work
Ethiopia ’ s gold rush According to the World Bank , Ethiopia is now the fastest growing economy in the world , meaning that investment , particularly in gold , is high on the country ’ s agenda . “ It ’ s a completely transforming country ,” notes Anagnostaras-Adams . “ It ’ s changing its education system , its infrastructure , it ’ s investing in energy , and industrialisation is booming .”
Spotting the opportunity to invest in 2015 , the Ethiopian government backed the Tulu Kapi Gold Project by granting it a mining licence and in doing so , became entitled to a 5 % free-carry interest in the mine . It ’ s an alliance that Anagnostaras- Adams describes as “ critical ” to the success of the company and one which it strives to maintain .
However , it ’ s not just the government ’ s financial push which is crucial to the London-listed firm . “ Part of the relationship is about funding ,” reflects Anagnostaras-Adams , “ but another part of it is about dealing with social issues in the area .
“ We want to ensure the community is a strong
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