🌟 Here's a snippet from the KEFI Gold and Copper plc interview with focusIR. KEFI has launched its Tulu Kapi Gold Project in Ethiopia, with production expected in mid-2026. ⛏️🌍 Executive Chairman Harry Anagnostaras-Adams explains why it’s taken 15 years to reach this point and why 2024 is the right time to launch, citing international and national geopolitics and the gold price. 📈 Tulu Kapi is projected to deliver up to 200,000 ounces of gold and silver annually, potentially generating £100m net profit per year at current prices. 💰 KEFI also has two projects advancing in Saudi Arabia, with significant potential. 🇸🇦 Key points: Potential for 200,000 oz/year from Tulu Kapi 🌟 Possible £100m net profit per year 💷 Status of other projects 📊 Management’s dividend strategy 📉 $1 billion commitment to Tulu Kapi 💵 Harry concludes, “The timing couldn't be better for us to deliver against this opportunity.” 🎯 #KEFI #Gold #Copper
KEFI Gold and Copper’s Post
More Relevant Posts
-
KEFI Gold and Copper PLC (AIM:KEFI, OTC:KFFLF) executive chairman Harry Anagnostaras-Adams tells Proactive's Stephen Gunnion that "the stars are aligning" as gold continues to reach record highs as the company prepares to trigger production at its Tulu Kapi gold project in Ethiopia. Gold at around $2,400 per ounce aligns perfectly with KEFI's plans to commence construction. This historic high in gold prices is expected to greatly enhance the company's net cash flow, with projections reaching around $90 million after expenses, Harry Anagnostaras-Adams said. In Ethiopia, where production is expected to start within two years, the impact is most immediate and substantial, enhancing project economics significantly. Its Saudi Arabian projects, while further behind, are expected to see similar benefits in the longer term. Watch at #Proactive #ProactiveInvestors #kefigoldandcopper http://ow.ly/ltEt105pgmW
To view or add a comment, sign in
-
Pakistan plans to sell a 15% stake in the Reko Diq project to Saudi Arabia after Barrick Gold Corporation declined to increase its share. This move reduces Pakistan's overall shares from 50% to 35%, while Balochistan's stake remains at 25%. Consequently, the federal government's share will drop from 25% to 10%, making Pakistan a minority shareholder in the project. Officials are confident that being a minority shareholder will not pose significant challenges, based on Pakistan's previous joint venture experiences. Existing clauses in the agreement prevent Barrick Gold from making significant decisions unilaterally, thereby providing Pakistan with considerable leverage. Saudi Arabia's involvement is anticipated to enhance Pakistan's investment climate amid declining investment ratios. Furthermore, Saudi Arabia aims to increase its stakes in more Reko Diq blocks, signaling robust interest in the project. A formal announcement regarding the stake sale is expected soon, following the completion of a valuation report. The signing of the Free Trade Agreement (FTA) with the Gulf Cooperation Council (GCC) is deemed crucial, as it provides arbitration rights. Pakistan has also accepted recourse to international forums in case of investment disputes. Negotiations with Saudi Arabia have progressed well, indicating a positive outcome. Visit https://lnkd.in/dYepVRg8 to know more about us #Pakistan #SaudiArabia #RekoDiq #Investment #Mining #BarrickGold #Balochistan #JointVenture #FTA #GCC #EconomicGrowth #InvestmentClimate
To view or add a comment, sign in
-
KEFI Gold and Copper said it has formally launched the Tulu Kapi Gold Mines project in Ethiopia after a decision by the board of local subsidiary TKGM, which includes representatives from the Ethiopian Federal and Oromia Regional Governments. “This decision to launch Tulu Kapi follows the deployment of dedicated site policing and the conditional confirmations that quickly ensued from all members of the project's finance syndicate.” An updated corporate presentation will be uploaded to the company website, KEFI said, and includes a summary of Early Works, Major Works, Key Milestones, Finance Plan and Key Economic Metrics. Harry Adams, KEFI's executive chairman commented: “Our launch timing is fortuitously coinciding with the improved conditions in Ethiopia and all-time high gold prices. "We can now proceed to safely complete our Early Works on schedule and satisfy all conditions precedent to drawdown full project finance as outlined,... More at #Proactive #ProactiveInvestors http://ow.ly/NOCm105tJ8c
To view or add a comment, sign in
-
West Africa is claiming the spotlight, transforming the landscape of gold production on the continent. Today, the region accounts for 33% of Africa’s gold production. This evolution speaks volumes about West Africa’s rich geographic potential and the favorable economic conditions that it a magnet for investors and stakeholders. With Mali among the top producers, we're proud to contribute to a region that's now shaping the continent's gold narrative. #GoldMining #WestAfrica
To view or add a comment, sign in
-
Top 5 African countries with the largest gold reserves, along with their estimated gold reserves in metric tons, are: 1. South Africa🇿🇦 - Estimated gold reserves: 6,000 metric tons 2. Ghana🇬🇭- Estimated gold reserves: 1,300 metric tons 3. Tanzania🇹🇿 - Estimated gold reserves: 1,200 metric tons 4. Mali🇲🇱 - Estimated gold reserves: 700 metric tons 5. Burkina Faso🇧🇫 - Estimated gold reserves: 400 metric tons 📷: Gold Reserve in South Africa🇿🇦
To view or add a comment, sign in
-
Chief Executive Officer at Africa is Home global/ director at bobble clothing/ professional scrum master
Top 5 African countries with the largest gold reserves, along with their estimated gold reserves in metric tons, are: 1. South Africa🇿🇦 - Estimated gold reserves: 6,000 metric tons 2. Ghana🇬🇭- Estimated gold reserves: 1,300 metric tons 3. Tanzania🇹🇿 - Estimated gold reserves: 1,200 metric tons 4. Mali🇲🇱 - Estimated gold reserves: 700 metric tons 5. Burkina Faso🇧🇫 - Estimated gold reserves: 400 metric tons 📷: Gold Reserve in South Africa🇿🇦
To view or add a comment, sign in
-
🌍 Gold Trade in Uganda: A Tremendous Leap Forward! 🌍 Over the last three months, the gold trade in Uganda has seen remarkable growth and development. We're witnessing increased activity and confidence in the market, reflecting the country's rising prominence as a key player in the global gold industry. 💰 Fair Prices, Global Standards 💰 What sets Uganda apart? Our gold prices remain incredibly competitive compared to global standards, offering buyers a unique opportunity to invest in high-quality gold at fair rates. At Kivu Central Miners, we pride ourselves on delivering Africa's finest gold, sourced responsibly from the rich Kivu region of Congo. ✨ Why Buy from Ugandan Firms? ✨ Buying from Ugandan firms like ours ensures not only excellent value for money but also supports sustainable and ethical mining practices. Our commitment to quality, transparency, and customer satisfaction makes us the preferred choice for gold traders and investors looking to secure their future with confidence. Join the growing number of satisfied clients and experience the unmatched advantage of trading with Kivu Central Miners. #GoldTrade #UgandaGold #KivuCentralMiners #FairPrices #SustainableMining #AfricaGold
To view or add a comment, sign in
-
Refined Gold Adds $5m To Nigeria’s Foreign Reserves – Alake Minister of Solid Minerals Development, Dr. Dele Alake, has said the first commercial transaction of refined gold under the National Gold Purchase Programme (NGPP), resulted in over $5 million increase in Nigerian’s foreign reserves assets. Alake disclosed this when he presented to President Bola Ahmed Tinubu, the latest gold bars sourced from artisanal and small gold miners and refined by an agency of the Ministry, Solid Minerals Development Fund. According to Alake, the gold was refined to meet the London Bullion Market Association Good Delivery Standard. The minister also said it injected around ₦6 billion into the rural economy. https://lnkd.in/dbyNphTE #News #Trends #Trending #primebusinessafrica #fyp #Newsupdate #Latestnews #inflation #budget #money #family #finance #tips #viral #trending #socialmedia #nigeria #news #today #pba #africa
To view or add a comment, sign in
-
Moving on to the industrial landscape of Saudi Arabia, Director Sean Teo now brings us into the Copper industry and its opportunities for growth in future. As global demand for copper intensifies, fueled by the green energy revolution and technological innovations, Saudi Arabia is rapidly emerging as a pivotal player in the industry. The kingdom's rich copper reserves and strategic focus on sustainable mining are attracting significant foreign direct investment (FDI), forging powerful global partnerships. Under Vision 2030, Saudi Arabia is not only meeting the rising copper demand but also positioning itself as a key hub in the global supply chain. With increasing FDI and international collaborations, the kingdom is set to play a crucial role in powering the future of global infrastructure and technology. This EB is part of a 3-part release by our MEA desk covering the macroeconomy, industry, and company. Our Publication Cycles run at the end of every quarter for each of our 5 desks, with each quarter covering a different area of research spanning across - Fast Moving Consumer Goods (FMCG), Financial Institutions (FI), Industrial Corporate Groups (ICG), and Resource & Energy (R&E). Check out our other Publications here: https://lnkd.in/gwh9UESH If you wish to find out more, do reach out to us at sem@sa.smu.edu.sg or contact our President, Kai He Ong, or Vice-Presidents Eve Toh and Shang Ze Koh. #emergingmarkets #SaudiArabia #MEA #resourceandenergy #copper #executivebrief #SMUEM
To view or add a comment, sign in
-
--Company Update-- GOLDPLAT PLC announces operational update for Q2 ended 31 December 2023 Ghana experienced an exceptional Q2, achieving an operating profit of GBP1,820,000 (GBP1,026,000 Q2 2023), driven by strong supplies during the first half of the current financial year and the sale of inventory that built up as a result of our inability to export whilst our export license was finalised during the 2nd half of the previous financial period. Werner Klingenberg, CEO of Goldplat commented: "This was a bitter-sweet quarter with good results in Ghana alongside losses on estimated gold receivable in South Africa. I'm confident that the team has implemented the necessary controls to eliminate these losses going forward. Ghana continues to benefit from engagements and marketing efforts over the last 5 years and we aim to build on the momentum into Africa and South America. The requirements and approval of the water use license for installation of pipeline to DRD Gold remain a major focus for the Group, whilst we continue to strengthen our relationships, increase market share in a declining gold market in South Africa and leverage our strength and capabilities through partnership into other precious metals and commodities." RNS for more: https://lnkd.in/eK6wE7mP === Cc Tim Thompson #GDP
To view or add a comment, sign in
2,674 followers