Member Info for Robjm66

No problem DVH.

Q4: Milestones ahead?

A: We will report any material matters as they occur from week to week. KEFI will also issue monthly update RNS’s as regards Tulu Kapi Early Works, along with any other material developments in Ethiopia or Saudi, which include:

Ethiopian initiatives to add value to Tulu Kapi and KEFI’s in-country position;

We are evaluating a number of complementary projects and partnerships

Saudi JV resolution of preferred development strategy for:

Jibal Qutman Gold Project and Hawiah Copper Gold Project:

preferred Stage 1 development and indicative final stage development

updated Mineral Resource Estimate

Saudi JV resolution of preferred funding strategy for GMCO’s aggressive growth plans.

Https://www.bnnbloomberg.ca/ipos-proving-to-be-june-s-blockbuster-attraction-in-saudi-arabia-1.2084796

Saudi Arabia has encouraged companies to go public to grow its exchange and attract investors. These listings are typically met with massive demand, regardless of their size. But smaller share sales seem to be doing particularly well.

Saudi Manpower drew orders worth 115 billion riyals ($30.6 billion), or 128 times more than the shares available to fund managers. Rasan, one of the first fintech firms to go public in Riyadh, fielded 108.6 billion riyals of demand for its 841 million riyal initial public offering, while water treatment firm Miahona’s listing was covered 170 times by investors.

“Most of the IPOs were small and well priced, thereby attracting investor interest,” said Faisal Hasan, chief investment officer at Al Mal Capital. “We will see more activity post Eid,” he said, referring to the period following next week’s exchange shutdown for a holiday.

https://www.fanabc.com/english/austrian-business-delegation-to-visit-ethiopia-in-october/ (Ethiopia mining)

https://kitco.com/news/article/2024-06-13/saudi-arabia-ends-petrodollar-agreement-what-it-means-usd-bitcoin-and-gold (Gold)

https://www.al-monitor.com/originals/2024/06/saudi-arabia-holds-investment-summit-brazil-plans-invest-15b

https://www.mining.com/ivanhoe-electric-refutes-maaden-share-sale-claims/ (Saudi mining)

https://www.bizcommunity.com/article/compcom-approves-rosond-holdings-deal-days-after-saudi-expansion-670261a# (Saudi mining)

https://www.zawya.com/en/world/africa/zambia-to-set-up-mineral-investment-and-trading-unit-jc7012s8 (African mining)

https://www.spa.gov.sa/en/N2122049 (Saudi mining)

WWT Had a drilling campaign finished recently so would think the results of that should drop sometime buts its a bit variable as might depend on computer modelling core results from labs. Also would expect maybe monthly updates on TK either from launch date or around the start of each month then you have the wild card about possible JV in Saudi or Ethiopia which could drop at any random time. Also have exploration that could well make new discoveries at odd times.

Crazy when you compare Amak to kefi especially when obviously Hawiah development has stepped up a gear and the higher copper price and likely both it and Jibal Qutman are likely to be bigger operations than originally planned.

Https://www.kefi-goldandcopper.com/files/presentations/kefi-121-confernce-presentation-june24.pdf

https://www.mining-technology.com/news/ivanhoe-kamoa-kakula-phase-3/ (copper)

https://www.2merkato.com/news/alerts/7885-ethiopia-becomes-third-most-attractive-investment-destination-in-africa-eic (Ethiopia general)

https://www.ecofinagency.com/public-management/1206-45617-ethiopia-expects-8-4-growth-for-2014-25 (Ethiopia general)

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/3170-tsx/ie/162439-ivanhoe-electric-clarifies-certain-misleading-media-headlines-regarding-its-recent-registration-statement-filing.html (Saudi mining)

Https://www.arabnews.com/node/2527636/business-economy suadi mining

MineHutte, an independent research and consultancy firm based in England, has stated that the Kingdom has also been ranked the second-best country globally for its licensing environment.

https://www.argaam.com/en/article/articledetail/id/1734253 saudi mining

https://www.saudigazette.com.sa/article/643476/SAUDI-ARABIA/World-Risk-Report-2023-recognizes-Saudi-Arabia-for-exceptional-mining-investment-environment

https://www.leaders-mena.com/mining-sector-accelerates-saudi-arabias-bold-economic-vision/

https://www.fanabc.com/english/finance-ministers-of-ethiopia-qatar-discuss-cooperation-and-investment-opportunities/ (Ethiopia investments)

https://www.bloomberg.com/news/newsletters/2024-06-10/copper-miners-gun-for-share-of-windfall-in-chile?srnd=homepage-canada

https://addisstandard.com/a-new-dawn-ethiopia-gears-up-for-economic-leap-with-first-ever-stock-exchange/

Seen it before but did not really follow it as it seemed to lag developments on kefi website but now seems to be more up to date and active https://gmco.com.sa/2024/06/03/exploration-with-responsibility-leaving-sites-cleaner-than-we-found-them/

HtTps://www.msn.com/en-xl/africa/top-stories/saudi-investors-impressed-by-ethiopia-s-business-climate/ar-BB1nM1Cm?apiversion=v2&noservercache=1&domshim=1&renderwebcomponents=1&wcseo=1&batchservertelemetry=1&noservertelemetry=1

htTps://www.atlanticcouncil.org/blogs/africasource/increasing-investment-in-african-mining-should-be-a-higher-priority-for-the-united-states/ (Africa mining)

htTps://africanminingmarket.com/kobold-could-spend-over-usd2-billion-on-giant-copper-mine-in-zambia/18688/ (copper mining)

htTps://ebc.et/english/newsdetails.aspx?newsid=6890 (Ethiopia general)

htTps://africafinancecorporation.africa-newsroom.com/press/africa-finance-corporation-afc-receives-top-accolades-at-europe-middle-east-and-africa-emea-finance-achievement-awards?lang=en (AFC)

htTps://thewest.com.au/business/bulls-n-bears/bright-lights-of-saudi-arabia-attract-surefire-attention-c-14942889 (Saudi mining)

htTps://www.fanabc.com/english/ethiopia-sees-surge-in-foreign-investment-interest-mfa61400-2/

Well slightly of topic Plump but I will bite. Saudi is on the rise and the world itself is becoming more multi polar and less western dominated (and probably eventually less Chinese dominated as well). That’s not going to reverse any time soon if ever and the UK should see it as an opportunity to get back to what made it great before, trading with the whole world.

https://news.cision.com/akobo-minerals-ab/r/akobo-minerals-reports-good-progress-with-the-segele-processing-plant,c3996312

https://www.zawya.com/en/economy/gcc/saudi-arabia-ethiopia-establish-joint-business-council-sm6wwdy2

https://www.arabnews.com/node/2524971/business-economy (Saudi mining)

https://americasquarterly.org/article/saudi-arabia-courts-latin-america-and-the-caribbean/

https://english.aawsat.com/gulf/5028512-saudi-minister-discusses-industrial-integration-counterparts-iraq-sudan-libya (Saudi mining) During the meetings, Al-Khorayef explored avenues for fostering industrial integration among Arab nations and highlighted the significant opportunities presented by the mining sector within the Kingdom.

Moreover, the discussions underscored the potentials and incentives available to investors in the industrial and mining sectors in Saudi Arabia.

Https://agsiw.org/if-you-build-it-they-will-come-prospects-for-foreign-direct-investment-in-saudi-arabia/ (general FDI is foreign direct investment)

Saudi Arabia has made important progress across many of these dimensions. The 2024 AT Kearney survey showed Saudi Arabia rising to 14th in the global FDI confidence rankings from 24th in 2023, with close to 50% of survey respondents saying they were “more optimistic” about investing in the kingdom.

https://www.fanabc.com/english/amp/ethio-saudi-trade-and-investment-forum-underway-in-addis-ababa/

https://www.assahifa.com/english/morocco/saudi-official-praises-moroccos-mining-industry-expertise/

https://www.bnnbloomberg.ca/traders-are-desperate-for-copper-deals-and-miners-are-cashing-in-1.2081428

A heated competition for copper among some of the biggest commodity traders is creating opportunities for miners to negotiate favorable terms ranging from huge upfront payments to extra-long contracts.

Recent moves by cash-flush energy traders including Mercuria Energy Group Ltd. to expand in metals — a market long dominated by Glencore Plc and Trafigura Group — are raising tensions and sparking a scramble for contracts, at a time when the industry is already facing an unprecedented supply squeeze in copper ore…

…The deals include a contract for Capstone Copper Corp. to sell about 380,000 tons of copper concentrates from a mine in Arizona, to be delivered from 2025 to 2027, while Hudbay Minerals Inc recently offered some production from Peru even further forward — from 2025 until the end of 2028.

You get parody accounts on Twitter maybe Stockready is one of those and we are not supposed to take anything he says seriously.

Do my research everyday. For those starting out though general trends they might like to look at are all the mining companies rushing to invest in the mining sector in Saudi the number of mining companies that are competing for every licence area there, that Suadi are offering a slew of benefits to mining companies that are probably amongst the best or the best in the world, the lack of exploration in modern times compared to the potential of the geology the massive mining conference they are having now and the success of ipo in recent years in the region, how they are now reaching out to other countries to do mining deals and are due to their low energy costs now getting into processing ores amongst other factors.

Daily Saudi update.

https://www.fanabc.com/english/a-high-level-saudi-business-delegation-begins-visit-to-ethiopia-today/

The relevant government stakeholders have finalized preparation to enable the delegation explore the opportunities in agriculture, mining, tourism, energy, transport, logistics and other key economic spheres.

https://www.arabnews.com/node/2523556/amp (Saudi mining)

https://www.bnnbloomberg.ca/doctor-s-sons-turn-billionaires-as-saudi-ipos-mint-new-fortunes-1.2080706 (Saudi ipos)

Saudi probably the best and least risky country to be in the world for mining.

htTps://www.kefi-goldandcopper.com/files/files/Orior-Capital-KEFI-Research-Report-13May24.pdf

In 2019, the Saudi Industrial Development Fund (SIDF) said it would provide loans for up to 75% of mining project costs, including for resource delineation. Given KEFI’s 25% stake in Gold and Minerals, KEFI’s equity stake in project capex could be as little as 6.25%. KEFI and its partner have been approached by a number of investors looking to participate in the take-off in Saudi Arabia. Development funding in Saudi Arabia is unlikely to be dependent on what have for some years been weak public markets for junior miners.

htTps://taadeen.sa/sites/default/files/2024-04/EEP%20Guidelines_0.pdf

1.1About the Exploration Enablement Program The Government of Saudi Arabia has developed an Exploration Enablement Program (EEP) focusing on mineral exploration activities with a budget of SAR 685 million (2024–2030).

The EEP provides total funding for up to SAR 7 million per application, divided into two separate sections:

The application license must be for Class A minerals.

“Eligible participants for the EEP are investors interested in minerals classified under Class 'A' of the Mining Investment Law, such as Copper (Cu), Lithium (Li), Nickel (Ni), Gold (Au)”

https://www.ksa.com/mimr-and-misa-unveil-exploration-enablement-program-for-saudi-mining-sector?utm_content=cmp-true

From Neilng https://www.linkedin.com/posts/gmco-ltd_miningabrindustry-exploration-activity-7203011475332829184-wzcu?utm_source=share&utm_medium=member_android

HtTps://newbusinessethiopia.com/investment/london-set-to-host-invest-africa-summit-next-month/

“Invest Africa, a leading pan-African trade and investment platform, will host the 10th annual Africa Debate on 6th June at the Guildhall, London, under the theme of “Africa’s role in a changing global order.”

“The Africa Debate is London’s leading Africa-focused investment forum. Africa Finance Corporation (AFC) is Headline Partner for the Forum,”

“Samaila Zubairu, President and Chief Executive Officer, AFC said: “AFC is proud to once again be the Headline Partner for The Africa Debate, London’s leading Africa-focused investment forum. As the continent’s leading infrastructure solutions provider, AFC is committed to advancing Africa’s crucial role on the global stage – working with governments, private sector, and other investors to finance projects..”

Alanos While my head hurts reading an explanation of the explanation it all boils down to when the second bank is happy so does not have to wait till the end of the early works period for them to be happy. They will have their own experts along with kefi all over what's happening on the ground and when they get enough reports back from their experts to make them happy they will get into lockstep with all the parties and the process.

A: Both long-standing banks have signed a 30-page Terms Sheet with all the conditions precedent to signing the already drafted detailed definitive documentation and both have gone through initial approvals.

One has also issued final approval ratification by its board of its own country member representatives. The other expects to issue its final approval following independent safety reviews during the Early Works period. Other banks have expressed interest but that is not today’s priority.

Therefore Early Works fall into two sets of tasks:

demonstrating that Early Works on the ground have been completed safely for the protection of the community following the recently installed Federal Mining Police; and

dotting the i’s and crossing t’s on all administrative matters

We will report any material matters as they occur from week to week. KEFI will also issue monthly update RNS’s as regards Tulu Kapi Early Works, along with any other material developments in Ethiopia or Saudi, which include:

We are evaluating a number of complementary projects and partnerships

Saudi JV resolution of preferred development strategy for:

Jibal Qutman Gold Project and Hawiah Copper Gold Project:

preferred Stage 1 development and indicative final stage development

updated Mineral Resource Estimate

Saudi JV resolution of preferred funding strategy for GMCO’s aggressive growth plans.

Cut out some of the highlights most of it is the usual process of building a mine. Looks like some kind of Joint venture is on the cards in Saudi in hindsight that was inevitable considering the the scope of the discoveries found and the big exploration portfolio there and kefi having to juggle exploration in two countries.

So it comes down to who kefi will joint venture with and when kefi make the choice?

HtTps://www.bloomberg.com/news/videos/2024-05-30/bhp-abandons-49-billion-bid-for-anglo-american (copper, needs copper assets)

htTps://www.juniorminingnetwork.com/junior-miner-news/press-releases/1540-tsx-venture/ryr/161642-royal-road-minerals-provides-exploration-update-for-its-jabal-sahabiyah-project-kingdom-of-saudi-arabia.html (Saudi mining)

htTps://www.proactiveinvestors.com/companies/news/1048666/royal-road-minerals-unveils-promising-results-from-jabal-sahabiyah-exploration-1048666.html (Saudi mining)

htTps://myviewsonnews.net/ethiopia-struggles-to-control-gold-smuggling/

(Why Ethiopia needs international miners)

Https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2840-tsx-venture/peak/161517-sun-peak-metals-announces-encouraging-assay-results-from-2020-drill-program.html (Ethiopia mining looks like good grades)

https://enterprise.news/climate/en/news/story/ec65a8f9-8507-447b-a845-0728a255aaee/ksa%E2%80%99s-miahona-closes-retail-portion-of-ipo-on-tadawul%E2%80%99s-main-market (Saudi ipos)

From what Harry said kefi shares drops to 80 percent from 85 percent on Government spending its planned full amount.