KEFI Gold and Copper PLC (AIM:KEFI, OTC:KFFLF) executive chairman Harry Anagnostaras-Adams discusses positive developments for the company in Saudi Arabia and Ethiopia as the governments of the countries make it more attractive for mining investment.
In Saudi Arabia, where KEFI has an early-mover advantage, Ivanhoe Electric has finalised the terms of a joint venture with local mining group Ma'aden for a major exploration company. In Ethiopian, the government is mulling a cut in mining royalties to 5% from 7%.