RE: Mining minster removed for corruption.16 Jan 2023 06:55
As previously reported/posted the banks,syndicate members,Kefi were already ready and were awaiting government bureaucrats to ratify the final bits of paperwork. Now it seems that the hold up was the decision regarding the MOM's future?
TK is an enormous project and will not only help boost Ethiopia's financial position,but it helps show foreign inward investors the country is open for business.
As rns'd recently..
Hawiah Mineral Resource Estimate has increased by 4.1 million tonnes ("Mt") to 29.0 Mt
Five additional exploration licences Wadi Na'afa, Al Awja, Abu Salal North, Umm Al Khabath and Jabal Selm (collectively the "Exploration Licences") have been awarded
"The award of these licenses brings the GMCO land holding in Saudi Arabia to over 1,035Km2, covering some of what we believe to be the most prospective and underexplored ground for polymetallic VMS and orogenic gold deposits in the Kingdom of Saudi Arabia."
Also in one of the Analyst Coverage reports a divi might be on the cards higher than the current share price in the future.
Ethiopia needs this to move forward asap on numerous levels and imo sign off is very near..
dyor