Update: Beyond Tulu Kapi
On 13 October, KEFI announced that it had appointed Sedgman as its preferred processing plant contractor at Tulu Kapi. Inter alia, Sedgman’s scope of work includes an estimated cost of c US$63m for a 1.5-1.7Mtpa plant, which compares favourably with the DFS and our most recent cost estimates and throughput rates. To expedite the development of the project further, early front-end engineering and design (FEED) work is reported to have started. Similarly, on 14 October, KEFI announced that it had appointed African Mining Services (a subsidiary of Ausdrill) as its preferred mining contractor. Sedgman and Ausdrill are both established names in their respective industry specialisations with a recognised capability in Africa.
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