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Tulu Kapi
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Aim-listed Kefi Gold and Copper has conditionally raised about £941 574 through a RetailBook offer that closed on March 23, bringing total gross proceeds from its fundraising to about £35.6-million. The proceeds will be used to conclude the $330-million funding requirement for the Tulu Kapi gold project in Ethiopia, reinitiate exploration activities and fund a cost overrun cash reserve and general working capital.
Lycopodium awarded engineering contract as construction advancesContractor Lycopodium has been awarded an engineering, supply and labour hire contract for the Tulu Kapi project, with all physical activities and financing arrangements advancing in accordance with the schedule for first gold pour in early 2028 and full production by mid-2028. Kefi has received commitments for $310-million of the $330-million approved budget as at January 1 and is making good progress in finalising the remaining finance components.
Ground broken at 140 000 oz/y Ethiopian gold projectKefi broke ground at the Tulu Kapi project in February, with the ceremony officiated by Ethiopia Prime Minister Abiy Ahmed Ali and Ethiopian State President of Oromia Shimelis Abdisa. The project, which will produce about 140 000 oz/y of gold from 2027, follows more than 10 years of development since Kefi acquired it between 2013 and 2014.
Tulu Kapi Updates
Aim-listed Kefi Gold and Copper has announced that its previously announced RetailBook offer was successfully completed and closed on March 23, and that it has conditionally raised about £941 574...
Contractor Lycopodium has been awarded an engineering, supply and labour hire contract.
Aim-listed Kefi Gold and Copper notes contractor Lycopodium’s announcement detailing its award of an engineering, supply and labour hire contract for the development of Kefi’s Tulu Kapi gold...
Aim-listed Kefi Gold and Copper has broken ground at the Tulu Kapi gold project, in Ethiopia, which will produce about 140 000 oz/y of gold from 2027. The start of construction at the project comes...
Aim-listed Kefi Gold and Copper has broken ground at the Tulu Kapi gold project, in Ethiopia, which will produce about 140 000 oz/y of gold from 2027. The start of construction at the project comes...
Aim-listed Kefi Gold and Copper’s subsidiary Tulu Kapi Gold Mines (TKGM) has signed a $20-million equity-ranking-royalty with Chancery Royalty. This is a key final part of the $340-million...
Aim-listed Kefi Gold and Copper confirms that final documentation regarding a $240-million loan facility for the Tulu Kapi gold project is fully signed. This follow an announcement in October last...
Aim-listed Kefi Gold and Copper confirms that final documentation regarding a $240-million loan facility for the Tulu Kapi gold project is fully signed. This follow an announcement in October last...
Kefi Gold and Copper has reached key milestones towards commissioning the project.
Aim-listed Kefi Gold and Copper has reached key milestones towards commissioning its Tulu Kapi project, in Ethiopia. The company expects to commission the project in late 2027 and reach full...
Kefi Gold and Copper has reported further progress in completing the financing package for its Tulu Kapi gold project.
Aim-listed Kefi Gold and Copper has made progress in finalising project funding for its high-grade, high-recovery Tulu Kapi gold project, in Ethiopia. In October, Kefi indicated that, of the total...
Kefi Gold and Copper has informed shareholders that full project development is set to start by the end of 2025.
Gold and copper exploration and development company Kefi Gold and Copper has informed shareholders that full project development at its Tulu Kapi gold project, in Ethiopia, is set to start by the...
Kefi Copper and Gold reported on October 13 that it expected a $240-million debt capital offering towards its Tulu Kapi project to be signed in the week.
Aim-listed Kefi Copper and Gold expects a $240-million debt capital offering towards its Tulu Kapi project, in Ethiopia, to be signed this week. The financing had been put on hold following a...
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