KEFI GOLD AND COPPER ORD 0.1P overview

LONDON, UK / ACCESSWIRE / March 18, 2022 / Since we published our last outlook note on KEFI in July 2021, the company has raised additional equity to deleverage its balance sheet and announced a turnaround in the working environment in Ethiopia, plus the take-off of its projects in Saudi Arabia. In particular, KEFI reports the civil war in Ethiopia effectively ceased in December with no clashes outside the northern part of the country (which is over 1,000km from Addis Ababa and over 1,300km from...

Edison Investment Research Limited Edison Investment Research Limited: KEFI Gold and Copper (KEFI): Hawiah developing rapidly behind Tulu Kapi 18-March-2022 / 07:00 GMT/BST London, UK, 18 March 2022 KEFI Gold and Copper (KEFI): Hawiah developing rapidly behind Tulu Kapi Since we published our last outlook note on KEFI in July 2021, the company has raised additional equity to deleverage its balance sheet and announced a turnaround in the working environment in Ethiopia, plus the take-off of its...

Edison Investment Research Limited KEFI Gold and Copper (KEFI): On the cusp 07-Jul-2021 / 07:00 GMT/BST London, UK, 7 July 2021 KEFI Gold and Copper (KEFI): On the cusp After a period of uncertainty, the peaceable conclusion of the recent general election in Ethiopia should provide KEFI with the opportunity to fund Tulu Kapi in an environment in which the Ethiopian government is keen to both encourage investment and generate tax and export earnings. Since our last note on the company, we have...

LONDON, UK / ACCESSWIRE / September 30, 2020 / Since our last note, KEFI has continued to advance towards its goal of achieving production in FY22. Among other things, this has included raising £3.7m in equity in May and establishing early-stage mining specialist, RAB Capital, as a cornerstone investor. More recently, it has also announced a maiden mineral resource at Hawiah (in Saudi Arabia) of 19.3Mt at a grade of 1.86% copper equivalent containing 359kt CuE (or 1.2Moz AuE) and a...

Edison Investment Research Limited Edison Investment Research Limited: Edison issues outlook on KEFI Minerals (KEFI) 30-Sep-2020 / 14:43 GMT/BST London, UK, 30 September 2020 Edison issues outlook on KEFI Minerals (KEFI) Since our last note, KEFI has continued to advance towards its goal of achieving production in FY22. Among other things, this has included raising £3.7m in equity in May and establishing early-stage mining specialist, RAB Capital, as a cornerstone investor. More recently, it...

Edison Investment Research Limited Edison Investment Research Limited: Edison issues outlook on KEFI Minerals (KEFI) 07-Jun-2019 / 16:11 GMT/BST London, UK, 7 June 2019 Edison issues outlook on KEFI Minerals (KEFI) After two years lost to a state of emergency in Ethiopia, a new political order has emerged that has allowed KEFI to progress Tulu Kapi to the point of development. All federal government consents have now been received (including from the National Bank of Ethiopia, Ethiopia's central...

Edison Investment Research Limited Edison issues outlook on KEFI Minerals (KEFI) 08-May-2018 / 13:53 GMT/BST London, UK, 8 May 2018 Edison issues outlook on KEFI Minerals (KEFI) KEFI has formally mandated the placing of US$160m of Luxembourg-listed infrastructure bonds, which are expected to fund ownership by the Luxembourg-regulated SPV of the gold processing plant and ancillary infrastructure at the Tulu Kapi Gold Mines Share Company (TKGM), jointly owned by KEFI Minerals (Ethiopia) and the...