KEFI Gold and Copper PLC (AIM:KEFI, OTC:KFFLF) executive chairman Harry Anagnostaras-Adams discussed the significant progress made on the company's projects in Ethiopia and Saudi Arabia in 2023 with Proactive's Stephen Gunnion.
Anagnostaras-Adams highlighted the Tulu Kapi project in Ethiopia, which has both banks, contractors, and local investors lining up for the signing. He also discusses the importance of this project to Ethiopia's economy, emphasising its role as the first industrial-scale mining project and the largest single export generator for the country. Anagnostaras-Adams underscored the socio-economic benefits, particularly in employment generation and trade balance improvements.
In Saudi Arabia, KEFI Gold's advancements are notable despite the different regulatory landscape. Anagnostaras-Adams explained the strategic partnerships and the proactive role the Saudi government is playing to prioritise mining. He mentioned that KEFI Gold has been a pioneer in this region, with over 15 years of involvement and significant discoveries.
Discussing potential dual listings, Anagnostaras-Adams provided insights into the innovative steps Ethiopia is taking towards capital market reforms, positioning itself as a new hub for mining investments. In contrast, Saudi Arabia's approach is more conservative but equally promising for the future.