KEFI Gold and Copper PLC (AIM:KEFI, OTC:KFFLF) executive chairman Harry Adams updates Proactive following news from the company's two major projects in Saudi Arabia and Ethiopia.
The company's exploration licence has been renewed for the Jibal Qutman project in Saudi Arabia, while existing shareholders have agreed to cover an increase in capital expenditure at Tulu Kapi in Ethiopia.
Both projects have previously suffered from holdups, but Adams now sees them as being in a "race" to start production.