KEFI Minerals on way to locking in finance
Not many gold mining projects are moving forward at the moment, but KEFI Minerals’ Tulu Kapi gold project in Ethiopia is one of them.
Company
KEFI Gold and Copper PLC
LON:KEFI
KEFI Gold and Copper PLC is an exploration and development company focused on gold and copper deposits in the highly prospective Arabian-Nubian Shield. The company is focused primarily on developing the advanced Tulu Kapi Gold Project in Ethiopia. KEFI has also been successful in Saudi Arabia where it has discovered and delineated gold resources at the Jibal Qutman Gold Project and copper-gold-zinc-silver resources at the Hawiah Copper-Zinc Project.
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Alexander Nubia, Anglo Asian Mining and Keras also had news out this week
KEFI refinements boost economics of Ethiopia mine
The changes were made after discussions with potential debt financiers, who will stump up US$100mln of the US$120mln of capital costs of building Tulu Kapi, and after talking other partners.
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KEFI Minerals reveals strong finish to 2015
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Appointment of banks will be the next step at Tulu Kapi
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The government cash will be used to fund the roads, power and other infrastructure for the project.
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Kefi Minerals now focused on Tulu Kapi development funding
Kefi Minerals is now focused on finalising full development funding for its Tulu Kapi gold mine in Ethiopia ahead of targeted gold production in 2017. .
Kefi Minerals hires Ausdrill’s AMS to run Tulu Kapi mine
The appointment is described as a “profoundly important” step for the project
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Kefi Minerals has appointed an Australian consultant to oversee construction at Tulu Kapi
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KEFI reports progress in Saudi Arabia
The Jibal Qutman property will be developed as a low-capex conventional open-pit operation once its main mine, Tulu Kapi, is in operation.
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KEFI talking to investors in flagship project as costs fall
The costs of the Ethiopia gold project have come down further and are now half the figure proposed by Tulu Kapi's former owners.
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Key among the recent milestones has been short-listing of potential mine contractors and firms interested in constructing Tulu Kapi.
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KEFI Minerals’ widely anticipated definitive feasibility study of its flagship Tulu Kapi project in Ethiopia burnishes its potential to be a low cost mine.
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KEFI Minerals study and financing plans remain on schedule
KEFI Minerals has confirmed it is on schedule to have its Ethiopia gold mine up and running by the end of next year.