Tulu Kapi gold project one step closer to financing

Gold exploration and development company Kefi Gold and Copper has announced that all lead contracting and equity investment parties have agreed to the draft agreements for the financing of the Tulu Kapi gold project, in Ethiopia.  

The project, which has a total cost of $320-million, has received in-principle agreement from the lenders and is now in the process of being finalised for approval by syndicate members and regulators.   

This is a significant development for Kefi, as the company has now secured the support of nearly all government agencies involved in the syndicate.  

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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