Kefi minerals says financing plans remain on schedule for Tulu Kapi gold project


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Gold exploration and development company KEFI Minerals said plans remain on schedule it secure finance for its Tulu Kapi gold project in Ethiopia by October 2020, and accelerate construction in 2021 and gold production in 2022.

TKGM said it had signed off on all capital expenditure, operating and financing requirements as the for Tulu Kapi project, which would need funding of about US$221m. That was US$21m less than reported in the 2018 KEFI annual report of US$242m, the company said.

At 10:10am: (LON:KEFI) KEFI Minerals PLC share price was +0.03p at 0.96p