Member Info for Robjm66

Https://www.facebook.com/epaEnglish/photos/ethiopia-showcases-untapped-mining-potential-at-mining-indaba-2025e-p-a-the-inve/1075753607897653/

Mining Minister Habtamu Tegegne (Eng.) led a delegation that included representatives from the Ethiopian private mining sector. The event, which runs until February 6th, has attracted over 300 exhibitors, including Ethiopia, and more than 1200 visitors.

https://www.weare121.com/121mininginvestment-cape-town/

https://www.weare121.com/121mininginvestment-cape-town/agenda-day-1/

Keynote Fireside Chat:

Spotlight on Ethiopia

With:

Harry Anagnostaras-Adams, Chairman, KEFI Gold and Copper PLC

H.E Habtamu Tegegne Desfaye, Minister for Mines and Petroleum, Ethiopia

16:00

African Exploration Panel

With:

Harry Anagnostaras-Adams, Chairman, KEFI Gold and Copper PLC

Willem Middelkoop, Founder/Fund Manager, Commodity Discovery Fund

Paul Quirk, Co-Founder, Lionhead Capital Partners

I.E Habtamu Tegegne Desfaye, Minister for Mines and Petroleum, Ethiopia

https://www.weare121.com/121mininginvestment-cape-town/agenda-day-2/

Harry Anagnostaras-Adams, Chairman, KEFI Gold and Copper PLC

Hmm mining sector going to be worth billions to Ethiopian government and they want to get their stock exchange going so it going to be the Ethiopian government pushing this along. Hence the government giving kefi the Konso licence and likely to give kefi other licence areas as well.

Looks like the company is already planning post TK launch with looking at the presentation they obviously think the award of “Kenticha Regional” is nailed on and talking “VMS copper targets, with strategic alliances” in Ethiopia and “Further upside underground and in adjacent areas”.

Get ratification of AFC membership done this month and expressions of interest for Saudi and should be a transformative month.

Https://www.kitco.com/charts/gold

https://goldprice.org/

https://www.marketplace.org/2025/02/03/gold-is-rushing-from-london-to-new-york/

https://www.bullionvault.com/gold-news/gold-price-news/gold-stocks-trump-tariffs-trade-war-020320251

https://www.msn.com/en-gb/money/other/royal-mint-says-gold-bullion-sales-at-record-high-as-investors-flock-to-safe-haven/ar-AA1yk1hV

In this case every dollar it rises should add to Saudi sell price and motivate buyers to do a deal before it goes up any more.

#MiningIndaba2025 Twitter

https://viewer.joomag.com/african-mining-january-2025/0780525001734081904/p28?short=

Https://gfmag.com/capital-raising-corporate-finance/ethiopia-stock-market-relaunch/

“So far, ESX has one listing, by Wegagen Bank. The bourse is optimistic of at least 100 listings in the next 10 years. It will serve both as a channel for privatizing state-owned enterprises, starting with Ethio Telecom, and raising capital for businesses. To encourage listings, the government is offering tax incentives and easing regulatory bottlenecks.

Most obvious was the inability by banks to effectively lend to each other due to lack of an interbank trading platform.

By creating a platform for initial public offers, rights issues, private placements, corporate bonds and other innovative financial instruments, it means businesses will be able to attract capital from a wide pool of retail and institutional investors, both local and foreign.”

https://www.youtube.com/watch?v=A6tCnAMBJow

Be interesting to see if AFC and the rest of the consortium has a chat o the side lines of the conference like previous times.

https://miningindaba.com/home

https://miningindaba.com/sponsor-list/african-finance-corporation-afc

https://miningindaba.com/speaker-list/molebogeng-mazibuko

https://miningindaba.com/speaker-list/samaila-zubairu

https://miningindaba.com/mining-company-directory Allied gold Ivanhoe

https://miningindaba.com/exhibitors/ethiopia

Https://www.miningreview.com/magazine-article/allied-gold-kurmuk-builds-momentum/ “AISC of less than $1000 dollars” (copy and paste disabled)

https://addisstandard.com/imf-chief-to-make-first-visit-to-ethiopia-amid-ongoing-economic-reforms/

https://islamabadpost.com.pk/imf-boss-to-visit-ethiopia-amid-reforms/

https://www.thenationalnews.com/business/economy/2025/01/30/saudi-arabias-q4-gdp-expands-at-fastest-quarterly-pace-since-2022/ (Saudi general)

https://www.msn.com/en-gb/money/other/abu-dhabi-deepens-mining-push-with-1-2-billion-joint-venture/ar-AA1y7z4r?ocid=finance-verthp-feeds&apiversion=v2&noservercache=1&domshim=1&renderwebcomponents=1&wcseo=1&batchservertelemetry=1&noservertelemetry=1

Abu Dhabi sovereign wealth fund ADQ announced a new venture to invest $1.2 billion in the metals and mining sector over four years, as the emirate deepens its push to secure supplies of critical minerals.

Https://www.kitco.com/charts/gold

https://goldprice.org/

https://www.zerohedge.com/news/2025-01-30/huge-gold-moves-london-new-york

https://www.zerohedge.com/news/2025-01-30/lbma-cant-deliver-gold-supply-chain-breaks

Now over 2800

Https://spacewatchafrica.com/saudi-arabian-mining-company-maaden-signs-mou-with-fleet-space-tahreez-to-unlock-ksas-mineral-potential/

https://capitalethiopia.com/2025/01/29/ethiopia-set-to-reenter-global-stock-market-after-over-a-century/

Ethiopian Investment Holdings (EIH) has announced plans to reenter the global stock market by investing in multinational corporations. (ESX)

https://addisinsight.net/2025/01/29/ethiopian-investment-holdings-plans-global-stock-market-return-eyes-multinational-investments/ (ESX)

https://www.youtube.com/watch?v=hVMjArZuJ-Q (Ethiopia mining allied gold interview)

https://www.youtube.com/watch?v=Tr7jrSbbmfE (Ethiopia allied gold (June last year)

https://www.kitco.com/news/article/2025-01-29/mining-industry-verge-new-ma-cycle (mining general)

From presentation.

Hawiah including Al Godeyer, ranks in top 10% globally for VMS deposits on a total tonnage basis

AMAK (Al Masane Al Kobra Mining Company) is listed on Saudi Stock Exchange and has a market cap of $1.5 billion² • KEFI is listed on AIM with a market cap of only £38M ($48M)

And this was before the last couple of bits of news on Saudi.

Dream on SP likely to pick up in the couple of weeks leading to Saudi deadline and if you get AFC ratification early Feb then other decent news flow for TK…

Cut off for Saudi offers is in kefis control I am guessing they got a preliminary offer from Artar then they went to the market and/or were approached by others especially as the news on the extra licence dropped as well as the Saudi exploration money that make kefis slice more valuable. The timing will be interesting after that deadline will they go to some kind of auction or negotiate with the various bidders or will they just go with the best offer they have straight after that deadline.

With the AFC its up to the Ethiopian parliament would expect it to be waved through so depends on when it is debated.

Https://www.kefi-goldandcopper.com/files/announcements/kefi-legal-claims-dismissed-and-tk-financing-21jan25.pdf

“Both banks’ 2024 credit approvals are now being updated for finalisation in February 2025 as part of the certification and formalisation process preparing the project for financial close at the end of Q1 2025 and then to launch all Major Works as funds are drawn down in the approved

sequence against the disbursement requirements.” Next bit hopefully is AFC Ethiopian membership being ratified early Feb.

https://www.kefi-goldandcopper.com/files/announcements/kefi-gmco-selected-for-sa-epp-23jan25.pdf

“As a result, KEFI has set a deadline of 28 February 2025 for the submission of proposals with indicative terms.” Does not preclude someone offering deal before or a deal news leaking before that but would think they are most likely to stick to that deadline.

Https://seekingalpha.com/article/4752100-allied-gold-stock-hidden-gem-in-plain-sight (Ethiopia mining)

“Kurmuk is actually the project I am most excited about. Part of the reason is that it is located in Ethiopia. Ethiopia is a stable, mining-friendly jurisdiction that offers several strategic advantages. As an example, Allied recently secured hydroelectric power supply to Kurmuk for 20 years at $40 per MWh. This is the closest thing to "free energy" I have ever seen….”

https://www.argaam.com/en/article/articledetail/id/1784952 (Saudi mining)

https://apanews.net/ethiopia-launches-online-trading-platform/

https://www.fanabc.com/english/ethiopia-experiencing-remarkable-economic-progress-planning-development-minister/

https://news.metal.com/newscontent/103156821/manara-minerals-plans-to-acquire-10-20-stake-in-reko-diq-copper-gold-project-according-to-miningcom-the-financial-times-reported-on-tuesday-that-saudi-arabias-mining-fund-company-manara-minerals-is-expected-to-purchase-a-10-20-stake-in-pakistan

that Saudi Arabia's mining investment fund, Manara Minerals, is expected to purchase a 10%-20% stake in Pakistan's Reko Diq copper-gold project for $500 million to $1 billion.

https://oilprice.com/Metals/Commodities/Critical-Minerals-Boom-Drives-Mining-Sector-Consolidation.html (mining general)

Broke that GMCO Kefi JV had qualified for the Exploration Enablement Program before the company itself and helped break the court case developments before the company itself, those “world links” you moan about pointed to the interest in Saudi mining and prospects ahead of the company declare multiple expressions of interest and an early cut off date.

Cannot really comment on your research as you do not do any.

Https://www.youtube.com/watch?v=z8_FHIWSYs0 (live from the vault)

Maybe TW is a bit out of the loop now and is a bit stretched with everything else he covers or has got to the stage where he think people will either get it or not. Another factor is there are a lot of ground to cover recently had a new area in Saudi, court case, update on timing of sale and exploration enablement program award to Kefi Artar joint venture. Add all that in and Edison figures are out of date anyway especially with the suggestion of multiple bidders.

Personally could use the time better for myself taking up a hobby say practicing dentistry on myself with no anaesthesia just as painful but less time consuming and once you have pulled a tooth out you do not have to pull it out again and again.