IBOV 185,500.88 ▼ 0.91% IPSA 11,342.39 ▲ 1.09% IPC MEX 63,924.77 ▼ 0.28% MERVAL 3,084,547 ▼ 0.46% COLCAP 2,588.25 ▼ 0.06% BVL PERÚ 59,184.75 ▼ 0.92% USD/BRL5.15▲ 0.49% USD/MXN17.13▲ 1.04% USD/CLP959.00▲ 1.75% USD/COP3,099▲ 0.63% USD/PEN3.36▲ 0.11% USD/ARS1,508▼ 0.08% USD/UYU40.20▼ 0.15% USD/PYG5,985▲ 1.38% USD/BOB11.45▼ 4.42% USD/DOP58.80▼ 0.09% USD/CRC444.07▼ 0.78% USD/GTQ7.62▼ 0.07% USD/HNL26.85— 0.00% USD/NIO36.62— 0.00% USD/VES840.10▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.74▼ 0.08% EUR/BRL5.94▼ 0.11% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 185,500.88 ▼ 0.91% IPSA 11,342.39 ▲ 1.09% IPC MEX 63,924.77 ▼ 0.28% MERVAL 3,084,547 ▼ 0.46% COLCAP 2,588.25 ▼ 0.06% BVL PERÚ 59,184.75 ▼ 0.92% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
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Monday, September 14, 2026

Africa Africa Critical Minerals

Ethiopia Rebels Warn Mining Firms After Tulu Kapi Attack

By · September 14, 2026 · 4 min read

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ETHIOPIA · MINING

Key Facts

  • Who issued it The Oromo Liberation Army, an insurgent group operating in Oromia, Ethiopia’s largest region.
  • What it said Mining companies must consult local communities properly and meet verifiable environmental standards.
  • The word it used Non-negotiable.
  • Where it appeared A post on the group’s official account on 13 or 14 September, reported by Addis Standard.
  • What it points to An attack on 4 September at the Tulu Kapi gold project in West Wollega, in which several people died.
  • Who operates Tulu Kapi KEFI Gold and Copper, a London-listed company.

An armed group has told mining companies in Ethiopia how it expects them to behave. It pointed at a deadly attack as the consequence of not listening.

Ethiopia
Ethiopia Rebels Warn Mining Firms After Tulu Kapi Attack
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The Oromo Liberation Army has issued what it calls an urgent notice of requirement to companies working in Oromia’s mining sector. It arrived nine days after a fatal attack at a gold project.

What the Notice Says

The statement was posted on the group’s official account and reported by Addis Standard on 14 September.

It addresses foreign and domestic companies operating in the extractive sector in Oromia.

Companies must hold what it calls thorough and transparent deliberations with local communities. They must implement verifiable environmental standards.

Both requirements are described as non-negotiable.

No spokesperson is attached to the statement. Accounts attributed to the group have been impersonated in the past.

The Attack It Points To

On 4 September, gunmen attacked the Tulu Kapi gold project in West Wollega zone.

Several security personnel and community members were killed, including one company employee.

The operator, KEFI Gold and Copper, declined to give further detail, citing the sensitivity of an ongoing matter.

The group’s statement invokes Tulu Kapi as the consequence of non-compliance. It does not claim responsibility for the attack in the published text.

Who the Oromo Liberation Army Are

Oromia is Ethiopia’s largest region by population and area, and the Oromo are its largest ethnic group.

The Oromo Liberation Army broke from the older Oromo Liberation Front in 2018. The front had returned from exile to join mainstream politics.

It has fought the federal government ever since. The conflict has never attracted the attention given to the war in Tigray.

The Ethiopian government designates it a terrorist organisation. Talks in Tanzania in 2023 produced nothing.

Ethiopia
Ethiopia has been trying to build a mining industry to earn foreign currency.

What Tulu Kapi Was Supposed to Be

Tulu Kapi is one of the larger gold developments in Ethiopia and has been in preparation for more than a decade.

Ethiopia has been trying to build a mining industry to earn foreign currency it badly needs, having spent years short of dollars.

A project of this kind depends on a security guarantee the state provides. That guarantee is what the attack called into question.

For any investor weighing Ethiopian mining, the risk is not a tax rate or a licence. It is whether a site can be operated at all.

Why Companies Cannot Simply Leave

Mining licences are long, and the money is spent up front. A developer that walks away from a project like this loses everything it has put in.

That asymmetry is what gives an armed group leverage over a listed company.

It is also why statements of this kind are rarely answered in public. A company that negotiates openly with an insurgency has a different problem.

Ethiopia has been courting foreign miners for a decade, and this is the constraint the marketing does not mention.

Oromia, Ethiopia
Oromia is Ethiopia’s largest region by population and area.

One Word Worth Getting Right

The notice concerns mining, and mining only.

Ethiopia does have oil exploration, but it is in the Somali region in the east, a different theatre with a different insurgency.

Oromia has no producing oil. Descriptions of a warning to mining and oil companies extend the statement further than it goes.

Neither the federal government nor the Oromia regional administration had responded publicly.

Frequently Asked Questions

Who issued the warning?

The Oromo Liberation Army, through a post on its official account reported by Addis Standard on 14 September 2026.

What does it demand?

Transparent consultation with local communities and verifiable environmental standards, both described as non-negotiable.

What happened at Tulu Kapi?

An attack on 4 September 2026 killed several security personnel and community members, including a company employee.

Who operates Tulu Kapi?

KEFI Gold and Copper, a London-listed company. It declined to comment in detail.

Did the group claim the attack?

Not in the published text. It invokes the attack as a consequence of non-compliance.

Does this affect oil companies?

No. Oromia has no producing oil. Ethiopia’s oil exploration is in the Somali region.

Sources: Addis Standard, KEFI Gold and Copper, BSS.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error

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