Kefi Gold and Copper Plc (KFFLF)
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KEFI has a multi-billion-dollar asset in the making - ICYMI
KEFI Gold and Copper PLC (AIM:KEFI, OTC:KFFLF) executive chairman Harry Anagnostaras-Adams spoke with Proactive about the latest developments at the company's Tulu Kapi gold project in Ethiopia, including funding milestones, construction plans, and expected production timelines. Here, we take a closer look at the conversation.
KEFI Gold and Copper inks $240m debt funding agreement
KEFI Gold and Copper PLC (AIM:KEFI, OTC:KFFLF) told investors it has signed a US$240 million debt funding agreement for its Tulu Kapi Gold Project in Ethiopia. The debt was jointly signed by KEFI and its co-lenders as part of the project's total US$340 million development package, the company confirmed via RNS.
KEFI shares surge 19% as Tulu Kapi financing deal nears completion
Shares in KEFI Gold and Copper PLC (AIM:KEFI, OTC:KFFLF) jumped 19% on Monday after the company said it expects to finalise a $240 million debt financing package for its Tulu Kapi gold project in Ethiopia this week. The long-awaited deal, delayed briefly by a procedural issue with one of KEFI's lending partners, is a major milestone for the £340 million development, one of Ethiopia's most advanced mining projects.
KEFI Gold and Copper enters final countdown as Tulu Kapi launch nears
KEFI Gold and Copper PLC (AIM:KEFI, OTC:KFFLF) told investors it has now completed the ‘Early Works' for the Tulu Kapi gold project in Ethiopia, clearing the way for full development. Initial Major Works have also been certified as ready, it said.
KEFI Gold and Copper sees key approval for project financing
KEFI Gold and Copper PLC (AIM:KEFI, OTC:KFFLF) told investors that the Ethiopian Council of Ministers has now approved Ethiopian Country Membership for Africa Finance Corporation (AFC). The approval is a critical condition for AFC to participate in financing the Tulu Kapi Gold Project.
KEFI Gold and Copper's Saudi Arabia JV significantly expands acreage
KEFI Gold and Copper PLC (AIM:KEFI, OTC:KFFLF) told investors its Saudi Arabia joint venture joint venture has secured the Al Hajar North Exploration Licence, in a competitive tender round. Al Hajar North spans 910 square kilometres, in the Wadi Shwas Mineral Belt, an area with geological similarities to the Wadi Bidah Mineral Belt (WBMB), where the JV has already made three Volcanic Massive Sulphide (VMS) discoveries.
KEFI Gold and Copper confirms backing for Tulu Kapi project financing
KEFI Gold and Copper PLC (AIM:KEFI, OTC:KFFLF) told investors it now has full board approval from both co-lending banks for its Tulu Kapi gold project in Ethiopia. It follows prior credit committee confirmations and it is subject to final updates and documentation.
KEFI's landmark decision: Tulu Kapi gets the go-ahead - ICYMI
KEFI Gold and Copper PLC (AIM:KEFI, OTC:KFFLF) executive chairman Harry Anagnostaras-Adams talked with Proactive about a major milestone for the company's flagship Tulu Kapi gold project in Ethiopia. He described the latest announcement as the most significant since KEFI decided to focus on the Arabian Nubian Shield in 2008.
KEFI Gold and Copper sees key project financing milestones in coming weeks
KEFI Gold and Copper PLC (AIM:KEFI, OTC:KFFLF) told investors that the Tulu Kapi project in Ethiopia is ‘proceeding as anticipated', with a key financing milestone due in the coming weeks. Credit committee approval has been granted by both of its lending banks, and the remaining procedural steps are expected to be completed by 31 March.
KEFI Gold and Copper: Upgrade for low-cost and 'very attractive' Saudi gold project
KEFI Gold and Copper PLC (AIM:KEFI, OTC:KFFLF) has upgraded its resource estimate for the Jibal Qutman gold project in Saudi Arabia, pushing the total estimated gold to 902,000 ounces. The increase follows further drilling and analysis, strengthening the company's case for a long-life, multi-stage open-pit mine.
KEFI Gold boosts Saudi resources; CEO talks about expansion plans - ICYMI
KEFI Gold and Copper PLC (AIM:KEFI, OTC:KFFLF) executive chairman Harry Anagnostaras-Adams talked with Proactive about the company's latest resource updates for the Hawiah and Jibal Qutman projects in Saudi Arabia. He highlighted that the total reported resource at Hawiah has now reached 3.00 million ounces of gold equivalent, with the potential to double based on new exploration licenses.
KEFI Gold and Copper reports significant resource upgrade for Saudi project
KEFI Gold and Copper PLC (AIM:KEFI, OTC:KFFLF) has reported a major increase in its mineral resource estimates at the Hawiah copper-gold project in Saudi Arabia, strengthening its position as one of the country's most significant base metals developments. The total resource at Hawiah has risen by 26% to 38.2 million tonnes, with 14.7 million tonnes now identified as suitable for open-pit mining.
