KEFI in Tulu Kapi Gold Project finance plan agreement

KEFI finalised the costings and finance plan by all the Tulu Kapi syndicate lead contractors, investors, and lenders for the updated US$320M Tulu Kapi Gold Project in Ethiopia.

The agreement is currently being processed for final reviews and entry into definitive documentation to be signed as soon as possible, with the expectation to achieve this next month.

It remains that financing is to be almost entirely at the project or subsidiary level and remains consistent with previous guidance. 

KEFI Gold and Copper plc (LON:KEFI) is an exploration and development company focussed on gold and copper deposits, primarily in the highly prospective Arabian-Nubian Shield.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
Twitter
LinkedIn
KEFI Gold and Copper

More articles like this

KEFI Gold and Copper

Tulu Kapi stakeholders commit to proceed with project development

Following meetings with senior representatives of stakeholders for aim-listed Kefi Gold and Copper’s Tulu Kapi gold project, in Ethiopia, at this year’s Investing in African Mining Indaba, all parties in the funding syndicate for the project will go to their respective committees this month to

KEFI Gold and Copper

KEFI discovers new high-grade Gold Deposit in Saudi Arabia

Aim-listed Kefi Gold and Copper has confirmed a new discovery, as well as provided an operational update for the Jibal Qutman gold project in Saudi Arabia in the company’s minority-owned Gold and Minerals (GMCO) joint venture (JV). A satellite deposit, Asfingia, was discovered with “excellent”

KEFI Gold and Copper

KEFI: An early mover in the Arabian-Nubian Shield

Entered Arabian-Nubian Shield 2008 Focused on Saudi Arabia and Ethiopia SAUDI ARABIA ▪ 2008 JV with Al Rashid Family Office▪ Largest explorer before recent arrivals▪ 2 discoveries – advancing towards final feasibility:▪ Hawaih (copper & gold)

KEFI Gold and Copper

Safe-haven demand spurs gold prices’ rebound

Gold prices in Monday’s Asian trading showed a notable increase. Spot gold rose 0.2 percent, reaching $2,053.88 per ounce, while gold futures for February climbed by 0.3 percent to $2,057.85 per ounce. These figures are as