RE: uNkwnTrader30 Jun 2022 12:06
And the rest
The Company has completed the assembly of the information requested by the Ministry of Mines and has started conducting meetings with the Minister and his team to clarify any aspects. The Minister has agreed to a progress review at the end of July 2022 to ensure a satisfactory outcome;
· to formalise the outcome of successful meetings last week with the principal Government agencies which administer financing policy whereby a key condition precedent was satisfied in-principle - that both of the Company's longstanding banking groups have the right to invest and lend on the same terms;
· to document the positive outcome of a successful inspection last week by independent security experts and to finalise with security authorities the requirements for Project launch at the start of the Ethiopian dry season in October 2022;
· to finalise the individual definitive agreements for the Project financing and the contracting services for Project implementation; and
· to arrange execution of Project insurances