KEFI Minerals plc Ethiopian Prime Ministerial Support & Keynote Speech

KEFI Minerals

KEFI Minerals (LON: KEFI), the gold exploration and development company with projects in the Federal Democratic Republic of Ethiopia and the Kingdom of Saudi Arabia, announced today that Mr Harry Anagnostaras-Adams, Managing Director of KEFI and Chairman of the Tulu Kapi Gold Mines Share Company, will today make a Keynote Speech at the African Mining segment of the PDAC mining convention in Toronto.

His presentation, available on the KEFI website, will follow the opening address given by Ato Assefa Kumsa Afeta, the Ethiopian State Minister of Mines, Petroleum and Natural Gas.

The material statements made in the opening address and keynote speech, with regards to the Company’s Tulu Kapi Gold Project, will be as follows:

· The State Minister and Harry Anagnostaras-Adams met with the Ethiopian Prime Minister, Dr Abiy Ahmed, at the end of last week, where he gave his full support and issued the relevant instructions to all relevant Ethiopian Government agencies to forthwith enable commencement of construction of the Tulu Kapi Project.

· The Ethiopian Government announced yesterday, 4 March 2019, that the Federal Council of Ministers had approved an extra budget allocation for this 2018-2019 budget year to cover, inter alia, this budget period’s costs of the construction of roads and electricity connection for the Tulu Kapi Gold Project.

· TKGM is the first new major mining project in decades and is intended to mark the start of a modern Ethiopian mining sector, the regulations for which are being streamlined with a view to rapid growth.

· Ethiopia is already Africa’s highest growth country and the current administration is aggressively looking to build on this by opening up the significant potential of its minerals sector.

· A key feature of the Tulu Kapi Gold Project is its strong community support and its emphasis of maximum local participation through employment, procurement and approximately 50% ownership by Government-sector institutions and private-sector institutions.

· All syndicate members remain on track for the respective contributions to the Project as previously outlined by the Company.

We’ll keep you in the loop!

Join 1,000's of investors who read our articles first

We don’t spam! Read our privacy policy for more info.

Share on:
Find more news, interviews, share price & company profile here for:

KEFI Gold and Copper raises £7m to advance Tulu Kapi Gold project

KEFI Gold and Copper Plc has successfully raised £7 million to advance its Tulu Kapi Gold Project in Ethiopia, following crucial parliamentary developments.

KEFI Gold and Copper clears key financing hurdle

KEFI Gold and Copper Plc announces a key milestone as Ethiopia ratifies its membership for Africa Finance Corporation, paving the way for Tulu Kapi Gold Project financing.

KEFI Gold and Copper: Ethiopian approval paves way for Tulu Kapi project launch

KEFI Gold and Copper plc advances its Tulu Kapi Gold Project as Ethiopia's Council of Ministers approves Africa Finance Corporation's country membership, paving the way for financing.

KEFI Gold and Copper advances Tulu Kapi with BCM Partnership

KEFI Gold and Copper plc has welcomed BCM Group as a Project syndicate member, enhancing its Tulu Kapi Gold project and securing vital funding commitments.

KEFI Gold and Copper advances Tulu Kapi project launch and financing

KEFI Gold and Copper Plc updates on the Tulu Kapi Project launch, showcasing significant advancements and strong stakeholder support in gold and copper exploration.

KEFI Gold and Copper GMCO wins tender for Al Hajar North Exploration Licence

KEFI Gold and Copper plc's joint venture triumph in Saudi Arabia's Al Hajar North Exploration License highlights its strategic growth in mineral exploration and development.

Search

Search