KEFI Gold and Copper, active in the Arabian Nubian Shield, recently secured substantial finance for the Tulu Kapi Gold Project in Ethiopia. The lead lender’s conditional final credit committee approval marks this significant stride.
Government and syndicate members bolster Tulu Kapi Gold project
This ‘shovel-ready’ project has gained similar nods from essential syndicate members, including lead contractors and equity parties. The Ethiopian Government’s backing, offering exemptions from foreign exchange restrictions and a commitment to security, has been crucial. This collective support has led to an impressive US$320 million finance package.
Engaging with communities for project readiness
In readiness for the project’s launch, KEFI has actively engaged with the local community, including discussions with religious leaders.
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.