KEFI Remains in Dialogue with Potential Lenders for Tulu Kapi Gold Project

KEFI Remains in Dialogue with Potential Lenders for Tulu Kapi Gold Project Kefi Minerals

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.

Image result for KEFI Remains in Dialogue with Potential Lenders for Tulu Kapi Gold Project

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.

 

 

Tagged as:

Latest news, Ethiopian government, Ethiopian News, Business

RELATED CATEGORYMore

3915 Views Comments

Louvres Hotel Group,Signed Its 3rd Hotel In Ethiopia

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

Is Safaricom Entering the Ethiopian Market?

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

Ethiopian Airlines Digitalized All Business Processes

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