(Ethiopian mining)
(Ethiopian mining)
Kurmuk Progress: During the quarter, Allied continued the advancement of the Kurmuk Gold Project, progressing earthworks, camp construction, and supply chain activities according to schedule, including key agreements aimed at securing cost-effective operations. A signed 20-year Power Purchase Agreement with Ethiopian Electric Power ensures sustainable energy for Kurmuk at a fixed rate of US$0.04 ;per kWh… |
 KEFI Gold and Copper PLC, a UK-listed exploration company, has offered Ethiopian investors a 30 million US dollar investment opportunity in its Tulu Kapi Gold Mines SC project.
“By having offered the last 6% of the $500 million, or $30 million, to Ethiopian investors, we’re striving to align with the country’s vision for economic inclusivity and strengthen our relationship with Ethiopian stakeholders,” its Executive Chairman Harry Anagnostaras-Adams said on Tuesday.
The offer comes on the same day the exploration company announced a pivotal investment milestone for the Gold Mines project.
Of the original $500 million required to finance Tulu Kapi’s development, KEFI and its consortium of international banks, contractors, and investors have collectively conditionally approved $470 million.
This follows a recent increase in proposed funding contribution from international banks to $240 million, up from $190 million, per KEFI’s report.
Ethiopian governmental entities, including the Federal Government, and the Oromia Regional State have already committed $20 million in the project as part of the assembled $470 million.
On Tuesday, KEFI said it has now invited local qualified investors to participate in the project’s remaining $30 million in accordance with the current capital market rules and regulations of Ethiopia.
“Formal expressions of interest have already been received and we now move to wrap up in accordance with Ethiopian regulations and practice,” the Executive Chairman said. |
You can't read the shyte on these boards and not use colourful language in your response, IMHO !! |
I was Goatie am terrible. All in jovial manner for those that know me ;) |
You sound like you're 21 - looking up swear words in the dictionary.
Although that's probably a 16 year old. Late developer, clearly. |
Any blue chips? Options... Buy puts buy calls keep simple. Dunno.. try it and start small perhaps. IB probably best for that IG good for CFD and Spreads. |
I have an IG account but dunno what to trade to be honest! |
I mean get yourself an IG or IB account and trade some options? |
Th be fair it was a fair degree of luck, I sold them when I read an article that the areas surrounding TK had been awarded to some Chinese shell company. Bought a load when the last placing at .6 went down badly.Daily gym now... |
NON non binary. Pmsl Jeez Louise got to be so careful these days. HahaRight folks. Off for a bit. TBF to Short arm there... Am quite impressed tbh. |
Actually do not know what you mean by real trading? I am just putting money aside for the future and think Kefi may actually get the funding soon! |
Sign of affection in a non binary non homo way LOL Well done...seriously that's actually pretty impressive. Better stuff to trade no? |
Yes, that was after you jumped on my question to Katsy!Don't get all flustered now you will give yourself a stroke! (Or maybe Katsy will stroke you?) |
https://youtu.be/_9Fr7XRFXJM?si=dLY9RVZDvg1LvOpT LOL ;) xx |
I didn't engage you petal, I engaged Katsy x |
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