Saturday, July 13, 2024
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KEFI Minerals secures additional 800 million birr

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KEFI shareholders announced that they will allocate an additional 800 million birr for developmental projects including the launch of Tulu Kapi. Planned to be as soon as the security situation allows, which is expected to be in early 2022.
In addition to the Tulu Kapi launch it will also be allocated for KEFI’s two other development projects in Saudi Arabia, Hawaii Copper & Gold and Jibal Qutman Gold.
According to the announcement by KEFI Gold and Copper plc the ultimate parent company of Tulu Kapi Gold Mines S.C and KEFI Minerals Ethiopia Limited, this is a small two-stage capital raising from its 5,000 shareholders on the London Stock Exchange of £13 million (US$18 million or 800 million Ethiopian Birr)

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