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 approve the $320-million transaction for the project.
The Ethiopian federal government also reaffirmed that its equity capital investment had been fully documented, committed and already partly invested.
As reported in Mining Weekly last month, Kefi received confirmation of conditional final credit committee approval from the lead lender for the project.
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.
