Mining Capital's Alastair Ford says the mineral endowment in Ethiopia and Saudi Arabia looks 'extremely attractive' for KEFI Gold and Copper.
He says for some time the firm has been on an enforced go-slow in both its main areas of operations.
In the case of Ethiopia, political instability put the kybosh temporarily on investment in the Tulu Kapi gold project, for which a syndicate had already been arranged. The syndicate held its nerve and held together, but until things settled, didn’t feel able to give the green light.
And in the case of Saudi Arabia, where KEFI is something of a trailblazer, a bureaucracy that’s completely new to mining had slowed exploration and development work on a huge landholding down to a snail’s pace, until suddenly, earlier this year the logjams began to clear.