KEFI Minerals (LON:KEFI), the gold exploration and development company with projects in the Kingdom of Saudi Arabia and the Federal Democratic Republic of Ethiopia, is pleased to tell DirectorsTalk this morning that in connection with the Company’s Tulu Kapi gold project in western Ethiopia, the joint committees of the Company and the Ethiopian authorities have now triggered the formalisation of the resettlement arrangements for each of the effected individual households in the area. KEFI will now execute its preparations for community re-settlement, which flow from new Government leadership at several levels since the appointment of the new Ethiopian Prime Minister, Abiye Ahmed.
Gold prices hit record high above $2,400 amid Middle East tensions
Gold prices rose above $2,400 per ounce to an all-time high on Friday, heading for their fourth week of gains, as growing tensions in the Middle East prompted investors to seek refuge in the safe-haven assets.