https://www.engineeringnews.co.za

Kefi, Ethiopia govt sign shareholder agreement for Tulu Kapi

5th May 2017

By: Anine Kilian

Contributing Editor Online

     

Font size: - +

Aim-listed Kefi Minerals has signed a shareholder agreement with the government of Ethiopia for the incorporation, ownership and operation of Tulu Kapi Gold Mines (TKM).

The agreement will result in TKM owning 100% of the Tulu Kapi project.

The agreement sets out the parties’ respective commitments to invest equity capital in TKM and the mechanisms for control of the development and operation of the Tulu Kapi project.

Kefi will own 75% of TKM and government the balance.

“Today’s step represents an important initial formality within the timetable allowing the company to start development activities in the second half of the year. This will follow financing and community resettlement, both of which the company is actively implementing and will report progress as other milestones are met,” Kefi said in a statement on Friday.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Axiom Hydraulics
Axiom Hydraulics

Axiom Hydraulics is a trusted leader in South Africa’s hydraulic industry, delivering world-class components, systems, and engineering expertise...

VISIT SHOWROOM 
Egoli Gas (Pty) Ltd
Egoli Gas (Pty) Ltd

As a reticulator, Egoli Gas provides natural gas to homes and businesses via underground pipes.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.05 1.103s - 140pq - 2rq
Subscribe Now