KEFI Minerals plc (LON:KEFI) continues to have “encouraging dialogue with a number of potential lenders”, the company has reported in an operational update.
KEFI said that plans to develop the Tulu Kapi gold project in Ethiopia remain on track and that there had been “no slippage” in the current development cost estimate of US$130 mln.
Kefi Minerals' Tulu Kapi Gold Project
The Ethiopian government is fully on side, and procurement, detailed engineering and contractual documentation are being conducted in parallel with the community resettlement schedule.
Meanwhile, the company has commenced fieldwork studies at the Hawiah project in Saudi Arabia, and a development decision at Jibal Qutman, also in Saudi Arabia, is awaiting the outcome of a government policy review.
3915 Views Comments
Louvres Hotel Group, number one hotel group in East Africa, signed its 3rd hotel in Ethiopia, pursuing the expansion of an ambitious network covering sub-Saharan
5834 Views Comments
Safaricom has denied reports of the company entering into the Ethiopian market. The Kenyan telco had been said to be gearing up for its first venture
3955 Views Comments
Flying even more greener; Ethiopian Airlines Group, the largest airline in Africa, is pleased to announce that it has fully digitalized all its business processes