KEFI Gold and Copper PLC (AIM:KEFI, OTC:KFFLF) executive chairman Harry Anagnostaras-Adams speaks to Thomas Warner from Proactive after the exploration and development company announced it has received confirmation of conditional final credit committee approval from the lead lender on the US$320 million finance package for the Tulu Kapi gold project in Ethiopia.
Anagnostaras-Adams describes the step as a crucial one in the project's development, adding that he sees no "fundamental holdups" between now and the beginning of construction. He goes on to say that the focus has now shifted to preparing the local communities for resettlement, finalising detailed documentation, and obtaining secondary approvals. Anagnostaras-Adams emphasises the importance of collaboration and clarity in the resettlement of around 350 households, underscoring the company's commitment to responsible mining practices.
Regarding timelines, Anagnostaras-Adams is optimistic about initiating full construction in a few months, citing the absence of major obstacles and strong government and investor support. He highlighted the significant shift in the project's momentum, with all parties eager to proceed, reflecting the alignment of interests and investments over the years.