Kefi Minerals further cuts Tulu Kapi funding requirements
Shares in Kefi Minerals are down about 5% as it further cut the funding requirements and finance costs for developing the Tulu Kapi Gold Project in Ethiopia.
FTSE AIM All-Share
745.62
17:04 20/09/24
n/a
n/a
KEFI Gold and Copper
0.60p
16:40 20/09/24
-1.81%
-0.01p
Mining
11,503.14
16:49 20/09/24
0.18%
20.17
The Saudi Arabia- and Ethiopia-facing gold exploration and development firm said it remained on track to execute syndicated financing documentation at the end of third-quarter 2016.
The project's net-funding requirement had been reduced to about $130m, from roughly $145m, due to further refinements to contracting arrangements and plans.