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KEFI Minerals Plc

EdisonTV Executive Interview – KEFI Minerals plc

After announcing the acquisition of Tulu Kapi from Nyota in 2013, KEFI Minerals plc (LON:KEFI) is now putting together the final touches of its financing plans to put the mine into production. In its most recent update, KEFI announced that its financing facility with partner, Oryx, has been increased by 3.7% to US$140m in order to accommodate an increase in processing capacity to 2.0Mtpa. In this interview, the company’s executive chairman, Harry Anagnostaras-Adams, and its finance director, John Leach discuss how they achieved this.

 

KEFI Minerals is the operator of two advanced gold development projects within the highly prospective Arabian-Nubian Shield, with an attributable 1.93Moz (100% of Tulu Kapi’s 1.72Moz and 40% of Jibal Qutman’s 0.73Moz) gold Mineral Resources (JORC 2012) plus significant resource growth potential. KEFI targets that production at these projects generates cash flows for further exploration and expansion as warranted, recoupment of development costs and, when appropriate, dividends to shareholders.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.