KEFI Minerals
KEFI Gold and Copper plc is a London-listed mineral exploration and development company focused on gold and copper deposits in the Arabian-Nubian Shield, developing the Tulu Kapi Gold Project in Ethiopia alongside Saudi Arabian gold and copper-zinc assets.
- Company typePublic
- Founded2006
- HeadquartersNicosia, Cyprus
- Headcount101–250
- GTM typeB2B
- OfferingServices
What KEFI Minerals does
KEFI Gold and Copper plc (AIM: KEFI) is a London-listed mineral exploration and development company founded in 2006 and headquartered in Nicosia, Cyprus, focused on gold and copper deposits in the Arabian-Nubian Shield. The company operates a portfolio of three core assets: the flagship Tulu Kapi Gold Project in Ethiopia, the Jibal Qutman Gold Project in Saudi Arabia, and the Hawiah Copper-Zinc Project in Saudi Arabia. Tulu Kapi anchors the company with a 1.05 million ounce Probable Ore Reserve, 1.7 million ounces of total Mineral Resources, planned production of 140,000 ounces per annum, and a low-cost profile with All-in Sustaining Costs of approximately US$800-900 per ounce over the initial seven years of open pit mining.
The business model is to advance resource assets from exploration through feasibility, permitting, financing, and construction, then monetize gold and copper production into global commodity markets. KEFI generates revenue (not yet in production) primarily through eventual gold and copper sales at prevailing market prices; no product-level pricing is disclosed and customer interaction occurs through standard mineral sales channels. In April 2026 the company finalized a US$355 million financing package for Tulu Kapi and in June 2026 signed a US$400 million mining contract with BCM International to execute open pit and underground development, with project commissioning targeted for Q1 2028.
The company serves shareholders, debt and equity providers, and downstream commodity market participants; its go-to-market is investor-relations-led through AIM regulatory announcements, investor presentations, webinars, and website updates aimed at the London small-cap mining investor base. KEFI advances its Saudi assets through exploration licences and ongoing delineation work, with Jibal Qutman and Hawiah positioned for progression toward development to diversify the asset base beyond Tulu Kapi and add a copper-zinc-silver exposure alongside the gold-led portfolio.
KEFI Minerals firmographics
Firmographics- Name
- KEFI Minerals
- Legal name
- KEFI Gold and Copper plc
- Website
- https://kefi-minerals.com
- Company type
- Public
- Founded year
- 2006
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- KEFI Gold and Copper plc is a London-listed mineral exploration and development company focused on gold and copper deposits in the Arabian-Nubian Shield, developing the Tulu Kapi Gold Project in Ethiopia alongside Saudi Arabian gold and copper-zinc assets.
- Ownership category
- akta.pro rank
KEFI Minerals industry classification
Industry- Product category
- Gold and Copper Mining
- NAICS
- Gold Ore and Silver Ore Mining (212220), Copper, Nickel, Lead, and Zinc Mining (212230)
- SIC
- Gold And Silver Ores (1040), Metal Mining (1000)
- akta.pro primary industry
- Gold Mining (IMAKAEAA)
- akta.pro secondary industries
- Copper Mine Engineering, EPC & Expansion Projects (IMAKADAM), Process Plant & Materials Handling EPC (Crushing, Conveying, Stockpiles, Loadout) (IMAKAOAE)
Keywords
Where KEFI Minerals is headquartered
LocationHeadquarters
- HQ city
- Nicosia
- HQ country
- Cyprus
- HQ region
- Europe
Offices1 record
Markets served
KEFI Minerals business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Supply Chain, Technology or R&D
Revenue model
- Gold Production and Sales: KEFI generates revenue through gold extraction and sales from the Tulu Kapi Gold Project in Ethiopia, with planned production of 140,000 ounces per annum at an All-in Sustaining Cost of circa US$800-900/ounce over the initial seven years of open pit mining.
Distribution channels1 record
Marketing channels4 records
KEFI Minerals product offering
Product offeringCore offering
KEFI Minerals (KEFI Gold and Copper plc) is a London-listed exploration and development company that discovers, delineates, and develops gold and copper mining projects in the Arabian-Nubian Shield. Its primary asset is the Tulu Kapi Gold Project in Ethiopia (1.05 million ounce Probable Ore Reserve, planned 140,000 oz/year production at AISC of US$800-900/oz), supplemented by the Jibal Qutman Gold Project and Hawiah Copper-Zinc Project in Saudi Arabia.
Product overview
KEFI Gold and Copper is a London-listed exploration and development company operating a portfolio of gold and copper mining projects across the Arabian-Nubian Shield. The company's primary offering is the advanced Tulu Kapi Gold Project in Ethiopia, supplemented by the Jibal Qutman Gold Project and Hawiah Copper-Zinc Project in Saudi Arabia. These projects form an integrated portfolio of precious and base metal assets at various stages of development from exploration through to production-ready status.
Differentiator
Problem solved
Functional benefit
Products and services
- Tulu Kapi Gold Project Advanced gold mining project in Ethiopia with a Probable Ore Reserve of 1.05 million ounces and Mineral Resources totalling 1.7 million ounces. Planned production of 140,000 ounces of gold per annum at an All-in Sustaining Cost of approximately US$800-900 per ounce over the initial seven years of open pit mining. Developed and operated by KEFI for sale of gold into global commodity markets.
- Jibal Qutman Gold Project Gold project in Saudi Arabia where KEFI has discovered and delineated gold resources; being advanced towards development as part of the company's Saudi Arabian portfolio.
- Hawiah Copper-Zinc Project Copper-gold-zinc-silver resource project in Saudi Arabia. KEFI has discovered and delineated resources and is advancing the project towards development as part of its base and precious metals portfolio.
Companies that use KEFI Minerals
Customer profileSegments1 record
Ideal customer profiles2 records
KEFI Minerals technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
KEFI Minerals partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- BCM InternationalcoreBCM International awarded US$400 million mining contract for the Tulu Kapi Gold Project. BCM will conduct major mining works including both open pit and underground development operations. This is a flagship contract for the project's development phase.
Scale indicators6 records
Recent moves6 records
Expansion highlights5 records
KEFI Minerals competitors and assessment
Company assessmentDirect peers
- Shanta Gold: AIM-listed junior gold producer with the New Luika mine in Tanzania, comparable in scale, East African jurisdiction, and AIM-listed junior gold producer profile.
- Centamin plc: Mid-tier gold producer with the Sukari mine in Egypt, directly comparable as a London-listed gold miner operating in the Arabian-Nubian Shield with similar geological setting to KEFI's portfolio.
- Hummingbird Resources: AIM-listed junior gold producer/developer with operations in West Africa, comparable in scale, development stage, and London-AIM listing profile to KEFI.
- Condor Gold: AIM-listed gold developer advancing the La India project in Nicaragua, comparable as a single-asset AIM-listed gold developer approaching construction/financing decisions.
- Chaarat Gold Holdings: AIM-listed gold exploration and development company with assets in Armenia and Kyrgyzstan, closely comparable in stage, AIM listing, and single-asset gold development profile to KEFI.
- Caledonia Mining: AIM-listed gold producer operating the Blanket mine in Zimbabwe, comparable as a mid-tier African gold producer with similar operating footprint and AIM listing.
- Alecto Minerals: Exploration-stage gold and base metals company with assets in the Arabian-Nubian Shield (Ethiopia, Sudan), directly comparable as a junior focused on the same geological region as KEFI.
Emerging players
- Altus Strategies: AIM-listed exploration company with gold and base metals licenses across Africa including in Ethiopia and Sudan, comparable as a junior AIM-listed explorer in the same regional addressable footprint.
Broad incumbents
- Perseus Mining: Established multi-asset gold producer in West Africa, comparable as an Africa-focused gold miner with production profile similar to KEFI's planned Tulu Kapi output.
- Endeavour Mining: Senior gold producer operating multiple mines across West Africa, comparable as a gold-only producer with similar AISC discipline and African operational footprint to KEFI's planned profile.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks5 records
Key highlights5 records
Customer concentration
KEFI Minerals social profiles
Digital presenceKEFI Minerals financial estimates
Financial estimateRevenue estimate
Valuation estimate
KEFI Minerals leadership team
Management profileNumber of profiles
KEFI Minerals funding detail
Funding detailFunding overview
Funding rounds4 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
KEFI Minerals M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about KEFI Minerals
What does KEFI Minerals do?
KEFI Minerals (KEFI Gold and Copper plc) is a London-listed exploration and development company that discovers, delineates, and develops gold and copper mining projects in the Arabian-Nubian Shield. Its primary asset is the Tulu Kapi Gold Project in Ethiopia (1.05 million ounce Probable Ore Reserve, planned 140,000 oz/year production at AISC of US$800-900/oz), supplemented by the Jibal Qutman Gold Project and Hawiah Copper-Zinc Project in Saudi Arabia.
Is KEFI Minerals a public or private company?
KEFI Minerals is a public company. It is classified as public and is currently operating.
When was KEFI Minerals founded?
KEFI Minerals was founded in 2006. It employs 101 to 250 people.
Where is KEFI Minerals based?
KEFI Minerals is headquartered in Nicosia, Cyprus, in the Europe region.
How does KEFI Minerals make money?
One revenue line is on record: gold Production and Sales.
Who are KEFI Minerals's main competitors?
Direct peers on record are Shanta Gold, Centamin plc, Hummingbird Resources, Condor Gold, Chaarat Gold Holdings, Caledonia Mining and Alecto Minerals. Altus Strategies is listed as an emerging player. Broad incumbents are Perseus Mining and Endeavour Mining.
Does KEFI Minerals have an API?
No public API is recorded for KEFI Minerals.
What industry is KEFI Minerals in?
KEFI Minerals's product category is Gold and Copper Mining. Its primary akta.pro industry code is IMAKAEAA, Gold Mining, with a secondary code of IMAKADAM, Copper Mine Engineering, EPC & Expansion Projects. Its NAICS code is 212220 and its SIC code is 1040.