KEFI Gold and Copper advances Tulu Kapi with new syndicate member

Описание: KEFI Gold and Copper PLC (AIM:KEFI, OTC:KFFLF) executive chairman Harry Anagnostaras-Adams talked with Proactive's Stephen Gunnion about significant developments regarding the company's Tulu Kapi gold project in Ethiopia.

Anagnostaras-Adams confirmed the addition of BCM Group as both a syndicate member and the preferred mining contractor for the project. He explained, "BCM was part of the spearhead to make West African mining happen," highlighting the company’s strong background in mining across Africa.

He noted that BCM’s commitment includes a contribution of US$23 million in pre-production costs, meaning KEFI's project development budget is now fully covered. He emphasised, "In essence, we're done," although some final procedural steps remain, such as certifying resettlement costs and finalising formal documentation.

Anagnostaras-Adams also addressed KEFI’s strategic stance on its Saudi Arabian interests. With financial pressures alleviated by progress at Tulu Kapi, KEFI is no longer compelled to sell its Saudi assets and will focus on optimising its position in that market.

Overall, the conversation highlighted that KEFI is transitioning from solving challenges to executing plans at Tulu Kapi, marking a critical inflection point for the company.

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