IN BRIEF: Kefi Gold & Copper notes state of emergency in Amhara

Mon, 07th Aug 2023 11:56

Kefi Gold & Copper PLC - Ethiopia-focused gold and copper company - Notes Ethiopian government's state of emergency in the Amhara region. Says Tulu Kapi gold project is approximately 700 kilometres away from the conflict area, but has had red zone protocols implemented for "some time" despite the project area being considered low risk. Adds it remains on track for the launch of the Tulu Kapi project, with procurement and construction commencement set to start in the final quarter of 2023.

Current stock price: 0.60 pence, down 5.7% on Monday

12-month change: up 5.7%

By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

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