KEFI Minerals PLC (LON:KEFI) has noted that Ethiopia has lifted the state of emergency implemented in October 2016.
The junior miner recently agreed a finance package for the construction of the bulk of its Tulu Kapi gold mine in the country.
Infrastructure specialist Oryx is to put up US$135mln in new debt through a lease and payback arrangement that will also see it become the processing plant operator.
READ: Finance package for Tulu Kapi burnishes KEFI Minerals' appeal
Shares in Kefi gained 12.47% to 5.29p in afternoon trading.