HA on tighten security and other BS4 Oct 2021 12:46
RNS from over two years ago he`s full of BS.
RNS Number : 7397D
KEFI Minerals plc
28 June 2019
· Today, at start of construction, KEFI's planned beneficial interest in the NPV is estimated at £59 million ($74 million); and
· Project free cash flow is estimated at £31 million per annum (US$40 million), of which KEFI's beneficial interest would be c. £14 million per annum (US$18 million).
Ethiopian State Minister of Mines and Petroleum, Ato Assefa Kumsa, commented, "The Government welcomes the commitment by KEFI and TKGM to this priority project for Ethiopia and we are pleased to work closely with them to regulate, to protect and also to invest."
Director of ANS Mining, Ato Demissie A. Demissie, commented, "ANS Mining is pleased to be working alongside KEFI and the Government and is ready to proceed with its US$11.4 million (Ethiopian Birr equivalent) subscription to TKGM for the first stages of the Project development in accordance with the agreed terms upon satisfactory completion of the independent reviews and within this tightly disciplined framework."
KEFI and TKGM Chairman, Mr Harry Anagnostaras-Adams, said, "The decisions taken with our partners and the Government strengthen our preparations, tighten security and preserve production target of mid-2021. Overall, they shield our Project from heightened anxieties in the country at present, which everyone is nevertheless confident will abate quickly."