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.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
Twitter
LinkedIn
KEFI Minerals Plc

More articles like this

KEFI Gold and Copper

Copper prices soar to 11-month high on Chinese smelter cuts

Copper prices soar to an 11-month high as Chinese smelters cut production, sparking potential long-term investment opportunities. Copper prices skyrocketed to over $4.1 per pound, hitting their highest point in more than eleven months. This surge

KEFI Gold and Copper

Gold prices near two-month high

Gold prices lingered close to a two-month high on Monday, after softer US economic readings last week cemented prospects of an interest rate cut in June by the Federal Reserve. Spot gold edged 0.1% lower to

KEFI Gold and Copper

KEFI unveils Abu Salal deposit in Saudi Arabia

KEFI Gold and Copper has unveiled the discovery of a third significant copper-gold deposit within the expansive Hawiah Copper-Gold district in Saudi Arabia. This follows the original Hawiah discovery when drilling commenced in 2019 and the

KEFI Gold and Copper

Tulu Kapi stakeholders commit to proceed with project development

Following meetings with senior representatives of stakeholders for aim-listed Kefi Gold and Copper’s Tulu Kapi gold project, in Ethiopia, at this year’s Investing in African Mining Indaba, all parties in the funding syndicate for the project will go to their respective committees this month to

KEFI Gold and Copper

KEFI discovers new high-grade Gold Deposit in Saudi Arabia

Aim-listed Kefi Gold and Copper has confirmed a new discovery, as well as provided an operational update for the Jibal Qutman gold project in Saudi Arabia in the company’s minority-owned Gold and Minerals (GMCO) joint venture (JV). A satellite deposit, Asfingia, was discovered with “excellent”