KEFI Minerals PLC (LON:KEFI) has all the required consortium members working hard to close full project financing for Tulu Kapi this year.
In a statement released ahead of the company's annual general meeting on Thursday, the company's executive chairman, Harry Anagnostaras-Adams, said KEFI “stands ready to develop Tulu Kapi as Ethiopia's first modern gold mine and then pursue organic growth via KEFI's already-established project pipeline in Ethiopia and in Saudi Arabia”.
READ: KEFI Minerals has start of Tulu Kapi construction in sight
Anagnostaras-Adams said the Ethiopian government leadership has reaffirmed its support last week for the Tulu Kapi development, while what he called “the Ethiopianisation” of the ownership of the project took another step forward with the reaffirmation by local investors of their intention to subscribe for equity.
Today's presentation to shareholders at the annual general meeting and the questions and answers session will be recorded and uploaded to KEFI's website.