BCM secures landmark Ethiopia gold mining contract

BCM Group has been awarded the flagship mining services contract for the Tulu Kapi Gold Project in Ethiopia, reinforcing its position as one of Africa’s leading mining contractors

The long-term agreement, valued at more than US$400mn 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 agreement, BCM will deliver a comprehensive suite of mining services, including the supply, operation and maintenance of the mining fleet, recruitment, training and management of local employees, and execution of full-scale mining operations under TKGM’s supervision. The contract also includes the procurement and deployment of a new Caterpillar mining fleet to support project development and future production targets.

BCM group CEO 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 over 30 years of experience in 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 marks BCM’s entry into East Africa and highlights its ability to support major mining developments across the continent.

Tulu Kapi contains 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 contribute significantly to Ethiopia’s export earnings, job creation and economic growth.

The contract award further strengthens BCM’s reputation as a trusted partner for large-scale mining projects and reflects its ongoing commitment to its mission of Bringing Mines to Life across Africa and beyond.