BCM Group has secured the flagship mining services contract for the Tulu Kapi Gold Project in Ethiopia, strengthening its position as one of Africa’s leading mining contractors and marking a significant milestone in the development of one of East Africa’s most important new gold mines. The long-term agreement, valued at more than US$400 million over the project’s initial nine-year mine life, was awarded by KEFI Gold and Copper through its Ethiopian subsidiary, Tulu Kapi Gold Mines Share Company (TKGM).
Under the contract, BCM will provide a comprehensive range of mining services, including the supply, operation and maintenance of the mining fleet, the recruitment, training and management of local personnel, and the execution of full-scale mining operations under the supervision of TKGM. The agreement also supports the procurement and deployment of a new Caterpillar mining fleet to facilitate the project’s development and long-term production objectives.
BCM Group Chief Executive Officer Paul Coe said:
“We are delighted to have been selected as the mining services contractor for the Tulu Kapi Gold Project. This award reflects BCM’s proven track record of successfully developing and operating mines across Africa and the Middle East, often in emerging jurisdictions where strong partnerships, local workforce development and operational excellence are critical to success.
“Tulu Kapi is a landmark project for Ethiopia’s mining industry, and we look forward to working closely with KEFI, TKGM, the Ethiopian Government and local communities to help deliver a safe, efficient and sustainable mining operation.”
With more than three decades of experience delivering mining projects across Africa and the Middle East, BCM brings extensive expertise in mine development, fleet management and contract mining services. The Tulu Kapi project represents BCM’s expansion into East Africa and further demonstrates the company’s capability to support world-class mining developments throughout the continent.
Tulu Kapi hosts probable ore reserves of approximately 1.05 million ounces of gold and total mineral resources of 1.72 million ounces. Developed in partnership with the Ethiopian Government, the project is expected to make a significant contribution to Ethiopia’s export earnings, employment opportunities and economic growth.
The award reinforces BCM’s reputation as a trusted partner for large-scale mining developments and highlights its continued commitment to its mission of Bringing Mines to Life across Africa and beyond.
