Ethiopia and Saudi Arabia-focussed gold and copper explorer and developer Kefi updated the market on the Tulu Kapi Gold Project on Friday, which is part of the Kefi-operated Ethiopian joint-venture Tulu Kapi Gold Mines Share Company (TKGM). The AIM-traded firm noted that, after the country’s civil war abated at the end of the fourth quarter and given the current, gradual lifting of the state of emergency, security conditions at the Tulu Kapi site, district and transport routes were “improving”. It said the project’s finance syndicate remained in place to launch the project as soon as “normal conditions” were satisfied. TKGM was in “extensive consultations” with the Ethiopian Ministry of Mines to provide the assurances being sought to minimise further project delays. “We are proud to be continuing to work tirelessly on the ground in Ethiopia, alongside the Tulu Kapi community and the Ethiopian Government to progress the project,” said executive chairman Harry Anagnostaras-Adams.

Source: Ethiopian News February 04, 2022 20:32 UTC