Ethiopia’s first new mine in 30 years nears funding package completion

Aim-listed Kefi Gold and Copper has completed the last of many special permissions and policy changes agreed with the Ethiopian authorities over the years since Kefi assumed control of the Tulu Kapi gold project.

The Tulu Kapi project is now finally fully permitted with only procedural administrative confirmations remaining.

The company on October 5 received formal confirmation from the National Bank of Ethiopia of the details for the operation of offshore banking by Kefi’s operating subsidiary, Tulu Kapi Gold Mines Share Company (TKGM) and its project finance banks.

London-listed company KEFI Gold and Copper plc (LON:KEFI) is an exploration and development company focused on gold and copper deposits in the highly prospective Arabian-Nubian Shield. The Company operates in Ethiopia and Saudi Arabia with projects including Tulu Kapi project, Jibal Qutman EL and Hawiah.

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