From Potential to Production

Three industrial mining projects — Kurmuk (Zijin/Allied Gold), Tulu Kapi (Kefi), and Segele (Akobo) — define Ethiopia's 2026 transition from artisanal-dominated gold production to industrial mining. The Zijin acquisition at C$5.5 billion is the most important single event in Ethiopian mining in 2026. It validates the geological thesis and signals that the regulatory environment is sufficiently stable to commit large capital. Security in Oromia and Benishangul-Gumuz remains the determining structural risk.