KEFI Minerals plc (LON:KEFI), the gold exploration and development company with projects in the Democratic Republic of Ethiopia and the Kingdom of Saudi Arabia, has today announced that Mark Wellesley-Wood, who has been Deputy Chairman and Senior Independent Non-Executive Director of the Company since August 2015, has been appointed to the role of Non Executive Chairman with immediate effect.
Harry Anagnostaras-Adams, currently Executive Chairman will assume the role of Managing Director with immediate effect. This move separates the roles of Chairman and Managing Director that Harry Anagnostaras-Adams has fulfilled since late 2014 and reflects the Board’s desire to strengthen its corporate governance as the Company transitions to the mine build and operational phases of its development.
KEFI Minerals plc is focused primarily on the advanced Tulu Kapi Gold Project development project in Ethiopia, along with its pipeline of other projects within the highly prospective Arabian-Nubian Shield. KEFI targets that production at Tulu Kapi generates cash flows for capital repayments, further exploration and expansion as warranted and, when appropriate, dividends to shareholders.
