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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Kefi Gold And Copper Plc | LSE:KEFI | London | Ordinary Share | GB00BD8GP619 | ORD 0.1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.008 | -1.57% | 0.50 | 0.498 | 0.512 | 0.50 | 0.50 | 0.50 | 3,422,139 | 09:12:31 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Metal Mining Services | 0 | -7.9M | -0.0011 | -4.55 | 35.8M |
From Dec 2021 to Dec 2024
By Jaime Llinares Taboada
Shares in KEFI Gold & Copper PLC jumped Thursday in early trading after the mining company said that it has been told by the Ethiopian government that the Tulu Kapi license isn't cancelled.
The Ethiopian Minister of Mines told the company that recent media reports of license cancellation were inaccurate, and confirmed that the regulator's review will continue to ensure the earliest possible launch of the gold project.
In addition, KEFI said that it has signed an umbrella agreement with the project's finance syndicate setting out a full funding package.
"The signing of the umbrella agreement is a very important step and we look forward to completing the outstanding matters that will allow for full project construction to commence in the Ethiopian dry season, starting in October 2022," Executive Chairman Harry Anagnostaras-Adams said.
Shares at 0835 GMT were up 39% at 0.71 pence.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT
(END) Dow Jones Newswires
June 30, 2022 05:02 ET (09:02 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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