KEFI close to securing debt funding deal
The company has signed a non-binding agreement with an African mining bank and African development bank that have agreed to provide secured loans totalling US$60mln.
Company
KEFI Gold and Copper PLC
LON:KEFI
KEFI Gold and Copper PLC is an exploration and development company focused on gold and copper deposits in the highly prospective Arabian-Nubian Shield. The company is focused primarily on developing the advanced Tulu Kapi Gold Project in Ethiopia. KEFI has also been successful in Saudi Arabia where it has discovered and delineated gold resources at the Jibal Qutman Gold Project and copper-gold-zinc-silver resources at the Hawiah Copper-Zinc Project.
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KEFI Minerals on way to locking in finance
Not many gold mining projects are moving forward at the moment, but KEFI Minerals’ Tulu Kapi gold project in Ethiopia is one of them.
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KEFI refinements boost economics of Ethiopia mine
The changes were made after discussions with potential debt financiers, who will stump up US$100mln of the US$120mln of capital costs of building Tulu Kapi, and after talking other partners.
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