Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
EG putting more money in
Further Support from Ethiopian Government
The Ethiopian Government and its agencies have continued to show their support for the development of Tulu Kapi above and beyond meeting the afore-mentioned conditions precedent by undertaking several further recent initiatives:
· The Ethiopian Electricity Production Corporation has procured the major components for the Project's connection to the main power grid to ensure compliance with scheduled commissioning of the plant in 2025;
· The Ethiopian Roads Authority has reaffirmed the delivery schedule for the new all-weather access road;
· An MOU has been signed with the Regional Government to increase the aggregate Government equity investment in the Project, from US$20 million to US$30 million, as the Government is keen to preserve an equity interest of c. 25% alongside KEFI's c. 75%; and
· The Minister of Mines has circulated, for stakeholder comment, draft legislative reforms to encourage exploration and mining in Ethiopia. KEFI is actively involved in the various industry associations and is assisting where it can.
It's KABOOOOOOOOOOM time!
TW was right about that Rns as well!
KEFI Gold and Copper plc (AIM: KEFI), is pleased to report that all outstanding major financing conditions precedent requiring Ethiopian government input in relation to the Company's Tulu Kapi Gold Project ("Tulu Kapi" or the "Project") have now been met.
This significant development enables the Tulu Kapi individual syndicate members to now proceed to final committee and board reviews and approvals for the US$390 million Project finance package as set out in the Final Umbrella Agreement described in the Company's announcement of 27 April 2023.
Banking reform. Foreign banks circling
Even the unions know its happening
https://www.thereporterethiopia.com/34435/
This is what we are waiting for - and no you can't read it :(
https://www.africaintelligence.com/eastern-africa-and-the-horn/2023/06/02/mamo-mihretu-embarks-on-central-bank-reforms,109979729-ar2
Pretty awful timing after all those time. I can wait to top up but I do expect this to be sorted in next 2 months. Maybe only 2 to 3p now on what would be amazing news but that would be enough for me.
Russia and USA fighting over access to ethiopia.
https://www.urdupoint.com/en/world/russia-ethiopia-have-prospects-in-mining-en-1694431.html