Member Info for Robjm66

Https://www.mining.com/web/saudi-arabia-ups-mineral-resource-estimates-to-2-5-trillion/

https://economysaudiarabia.com/news/abundant-gold-reserves-saudi-arabia/

https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/metals/010924-ministers-at-future-minerals-forum-pledge-to-create-global-supply-chain

UK Minister for Industry and Economic Security Nusrat Ghani told S&P Global Commodity Insights in an interview on the sidelines of the event that agreements have been made on a green minerals supply chain, objectives of countries in terms of water management and food security, ESG and knowledge sharing with working groups being set up.

"We have a certain amount of pressure in the UK. We have the expertise to give and we are where the investors are," Ghani said.

The minister added that she is pushing heavily for one set of ESG standards in the mining industry instead of the current fragmentation that the metals industry currently has when it comes to industry, climate or humanitarian standards.

https://uk.finance.yahoo.com/news/ministerial-roundtable-sets-stage-future-090000684.html

https://www.leaders-mena.com/3rd-international-mining-conference-kicks-off-in-saudi-arabia/

Https://www.nasdaq.com/articles/saudi-arabia-allocates-$182-mln-for-mineral-exploration-incentives-mining-minister

“RIYADH, Jan 10 (Reuters) - Saudi Arabia has created a mineral exploration incentive programme with a budget of over $182 million, the country's minister of industry and mineral resources said on Wednesday.” Money to kefi for exploration?

https://www.middleeastmonitor.com/20240110-saudi-arabia-grants-mining-exploration-licences/

https://english.aawsat.com/business/4780576-saudi-arabia-collaborates-other-countries-explore-critical-minerals-region

https://finance.yahoo.com/news/ivanhoe-electric-saudi-arabian-mining-220000876.html

https://www.arabnews.com/node/2439051/business-economy

Thanks Dan if you get both banks giving the go ahead that could trigger a share price increase to trigger the second lot of warrents plus obviously would be easy to get a longer line of credit if lenders see that a mine is going ahead.

As for conditional, agreements are always conditional and obviously bank agreements are conditional on other members of the consortium still being happy to go ahead but the message being given out is that basically the other members were already happy and were just waiting on the banks.

"The project is expected to have a substantial economic impact, offering employment opportunities to approximately 1,000 local residents within the first year and significantly boosting Ethiopia’s export earnings. AS"

Danner struggling to keep have not even touched on Saudi developments today listening to the conference while researching at the same time but missed the earliest sessions but looking forward to 1.15 GMT Hosking tomorrow.

https://addisstandard.com/news-kefi-gold-moves-closer-to-secure-crucial-funding-for-ethiopias-tulu-kapi-gold-project/

Https://www.ethioembassy.org.uk/ethiopia-uk-ties-to-enter-new-era/

Ethiopia and United Kingdom (UK) have finalized to ink the Memorandum of Understanding (MoU) to scale up the diplomatic ties to strategic partnership level, said Ethiopian Ambassador to UK.

As to him, the UK government pledged to increase its development aid from 80 million Euro to 200 million in 2024. This all are indicators of scaling up of bilateral ties of the two countries. The UK investment in Ethiopia accounts 20% of foreign investment when compared to other countries. The UK investors are showing an interest to invest in mining, energy, pharmaceutical and manufacturing sector.

Hence, the UK banks are conducting a study to join Ethiopia’s financial sectors when it opened. Moreover, experienced contractors in the sector are showing their keen interest to be part of the construction of the Ethiopian airlines planned to build a new airport, Ambassador stated.

https://www.ethioembassy.org.uk/trade-investment/ (Scroll down a bit of the page)

https://www.zawya.com/en/press-release/africa-press-releases/ethiopia-united-kingdom-uk-ties-to-enter-new-era-nc57orhg

The UK government recently launched zero-tariff and tax opportunity for Ethiopia and other countries. “We hope to exploit UK’s growing market for export since Ethiopia has been working aggressively on agriculture, manufacturing and agro-processing,” he added.

HtTps://www.futuremineralsforum.com/conference/conference-program/ think this is the next one should be a good presentation.

13:05 - 13:20

Presentation: Mining with a greater purpose and powering great ideas

Robert Friedland

Robert Friedland

Founder & Executive Co-Chairman

Ivanhoe Mines

Must be something in the water people not understanding that kefi was confident even before today's good news hence the mobilising of teams to the site.

https://www.kefi-goldandcopper.com/expo-presentation/addis-adaba

Https://twitter.com/FutureMineral looks like a live feed.

Paul Seen this before on good news (obviously the lead bank being happy is good news) where it takes a day or two for people to understand a Rns and its implications to sink in.

"has received confirmation of conditional final credit committee approval from the lead lender on the US$320 million finance package for the Tulu Kapi gold project in Ethiopia."

Other key syndicate members including lead contractors and lead equity parties had all already given conditional approval." Bit more understandable so is new not a rehash.

As for timing obviously company should Rns something like this that is price sensitive as soon as possible and must be happy that they can announce it at the big Saudi conference. Interesting that Harry is in Saudi even though someone else from kefi is speaking guess it shows confidence that he does not have to be in Ethiopia to babysit developments.

"that it has received confirmation of conditional final credit committee approval from the lead lender" not plural looks to me that one bank has said yes and just waiting on the other bank but the other bank will be doing the same checks and so on as the bank that said yes which is probably the bigger bank of the two "lead lender". Would expect The other bank to say yes followed by a stream of good news as we get sign offs and approvals from all the other syndicate members. That's my take anyway would expect bits and bobs to drop to expand on the RNS.

Tut tut misleading headline and old news the bank which is not one of Kefis African banks (AFC and TDB) is withdrawing from Ethiopia its international staff not withdrawing totally from Ethiopia.

Clear you put the headline up to make people think one of the African banks involved with kefi was pulling out from kefi deal while the real situation is the bank had nothing to do with kefi and was only withdrawing its international staff.

Congratulations you have reached a new low TCM.

Step up from the usual kefi presentation and good to see the emphasis on the local community.

Thanks Bear.

Exactly can the team get a late late late goal. Mind you now they add on minutes for everything in a match those Fergie time games are shorter than normal games today.

Https://www.tradearabia.com/news/IND_417537.html

FMF will see the participation of more than 26,000 people (13,000 in-person and 13,000 virtual), from across 145 countries. This includes the participation of more than 21 international development organisations, 300 CEOs from leading organisations (minerals and metal value chain), over 250 international and regional speakers, and 100 sponsors and exhibitors, 60 government minister and country delegations. – TradeArabia News Service

https://www.arabnews.com/node/2438061/business-economy Saudi mining

RIYADH: The Saudi capital is set to host ministers from over 45 countries on Jan. 9 for a roundtable meeting at the Future Minerals Forum 2024 to discuss the future of the global mining sector.

The world’s premier gathering on minerals seeks to address the challenges in the mining and metals sector, especially the heightened demand for energy transition minerals.

https://www.futuremineralsforum.com/

https://www.zawya.com/en/markets/equities/saudi-amak-to-pay-1529mln-dividends-for-h2-23-bjt9zt2k (Saudi mining)

https://www.goal.com/en-gb/news/what-is-fergie-time-manchester-uniteds-history-of-late-goals/iqs4qho529891hykg171hhtbc (off topic)

Kefi can move money about though that was one of the hurdles that got cleared “KEFI is pleased to report the receipt of formal confirmation from the National Bank of Ethiopia (the Ethiopian central bank) of the details for the operation of offshore banking by the Company’s operating subsidiary Tulu Kapi Gold Mines Share Company (“TKGM”) and its project finance banks.

This clarifies the operational details for the implementation of the policies set out in the recently published National Bank of Ethiopia Directives, waiving strategic mining projects from foreign exchange control and capital controls.” especially important for Kefi that will need to move money between multiple countries for different projects.

Kefi floated the idea of giving dividends before but any free money they could borrow against TK would be better spent and add more value to the shareprice by getting Jibal Qutman and Hawiah going then middle eastern listing imo.

https://www.proactiveinvestors.co.uk/companies/news/1037772/akobo-minerals-expecting-big-2024-with-start-up-of-processing-plant-in-ethiopia-1037772.html