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Pin to quick picksKefi Gold Share News (KEFI)

Share Price Information for Kefi Gold (KEFI)

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Share Price: 0.534
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Ask: 0.544
Change: 0.009 (1.70%)
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UPDATE 1-Ethiopia revokes licences of 63 mining companies -mines minister

Tue, 15th Dec 2020 11:02

(Recasts after mines minister confirmed report, adds details,
context)

Dec 15 (Reuters) - Ethiopia has revoked the mining licences
of 63 companies due to breach of contract, the mines minister
said on Tuesday without providing any names.

The mining companies whose licences were revoked were said
to have breached contract rules, failed to renew their licences,
or not made royalty payments, Mines Minister Takele Uma said,
confirming an earlier report by state-affiliated broadcaster
Fana.

Some of the companies have also been producing below
standard, the ministry said, according to the report.

Uma said the list of licences and companies concerned would
be released online soon.

Reuters was not immediately able to establish which
companies were involved or to contact them.

Ethiopia has been seeking to bring foreign companies in to
develop its mining sector. The country has deposits of minerals
and metals including gold, copper, and potash - which is used to
make fertilizer.

Norwegian fertilizer company Yara, London-listed
exploration firm Kefi Minerals, and U.S. gold miner
Newmont are among the companies with projects in
Ethiopia.
(Reporting by Helen Reid, Editing by Jon Boyle and Louise
Heavens)

More News
9 May 2022 11:57

IN BRIEF: Kefi Gold & Copper reports good progress on three projects

Kefi Gold & Copper PLC - Cyprus-based gold and copper exploration and development company with projects in Ethiopia and Saudi Arabia - Progresses studies targeting recommencement and development at its Jibal Qutman gold project. Says a preliminary feasibility study is underway at its Hawiah copper-gold project, noting progress progress on the underground, open-pit and surface infrastructure designs. Also receives positive assay results from drilling at Hwaiah, returning a weighted-average gold grade of 1.7 grams per tonne. Completes initial drilling at Al Godeyer copper-gold prospect. Says assay from Al Godeyer are pending.

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20 Apr 2022 12:33

IN BRIEF: Kefi Gold raises GBP8 million from discounted share placing

KEFI Gold & Copper PLC - gold and copper explorer and developer in Ethiopia and Saudi Arabia - Places 1.0 billion in new shares at 0.8 pence each, raising GBP8.0 million. Of this, GBP3.6 million is conditional on shareholder approval. The fresh cash will fund the Tulu Kapi gold project in Ethiopia, exploration works at satellite deposits in the Tulu Kapi district, and the company's share of exploration at the Hawiah gold and copper project in Saudi Arabia. "The placing is to reinforce the rapid advancement of our three advanced projects in Ethiopia and Saudi Arabia," says Chair Harry Anagnostaras Adams.

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20 Apr 2022 10:51

AIM WINNERS & LOSERS: Naked Wines plans US push; Mosman output rises

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

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1 Apr 2022 12:25

TRADING UPDATES: Yooma, Love Hemp in UK boost; Peel Hunt tops forecast

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

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24 Mar 2022 21:01

TRADING UPDATES: Getech wins mining contracts; Bluejay starts drilling

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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3 Mar 2022 20:34

TRADING UPDATES: Next Fifteen raises GBP50 million; N Brown sales up

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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14 Feb 2022 22:18

TRADING UPDATES: CentralNic expects revenue growth ahead of views

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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4 Feb 2022 14:30

Kefi positive on its plans at Ethiopia's Tulu Kapi

(Sharecast News) - Ethiopia and Saudi Arabia-focussed gold and copper explorer and developer Kefi updated the market on the Tulu Kapi Gold Project on Friday, which is part of the Kefi-operated Ethiopian joint-venture Tulu Kapi Gold Mines Share Company (TKGM).

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4 Feb 2022 10:10

IN BRIEF: KEFI to meet with Ethiopian officials over JV delays

IN BRIEF: KEFI to meet with Ethiopian officials over JV delays

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13 Jan 2022 19:36

TRADING UPDATES: Ideagen profit soars; Enwell annual production up

TRADING UPDATES: Ideagen profit soars; Enwell annual production up

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10 Jan 2022 19:34

TRADING UPDATES: Harvest Minerals sales jump; Quartix earnings to rise

TRADING UPDATES: Harvest Minerals sales jump; Quartix earnings to rise

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6 Jan 2022 17:39

IN BRIEF: Kefi Gold notes increase to Hawiah's mineral resource

IN BRIEF: Kefi Gold notes increase to Hawiah's mineral resource

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6 Jan 2022 16:00

UK shareholder meetings calendar - next 7 days

UK shareholder meetings calendar - next 7 days

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21 Dec 2021 20:21

TRADING UPDATES: GSTechnologies loss widens; DX Group launches review

TRADING UPDATES: GSTechnologies loss widens; DX Group launches review

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13 Dec 2021 20:31

IN BRIEF: KEFI Gold wins two new exploration licences in Saudi Arabia

IN BRIEF: KEFI Gold wins two new exploration licences in Saudi Arabia

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