For the first time since 1986, Hungary’s central bank is buying gold in bulk. The Eastern-European country today announced that it had boosted its gold reserves ten-fold (link in Hungarian), up to 31.5 tons of the metal, partly in the name of financial stability and partly to keep up with its neighbours.
KEFI Minerals (LON:KEFI) is focused primarily on the advanced Tulu Kapi Gold Project development project in Ethiopia, along with its pipeline of other projects within the highly prospective Arabian-Nubian Shield. KEFI targets that production at Tulu Kapi generates cash flows for capital repayments, further exploration and expansion as warranted and, when appropriate, dividends to shareholders.