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KEFI Gold and Copper PLC (AIM:KEFI, OTC:KFFLF) has estimated that current gold prices should mean the Tulu Kapi gold mine development in Ethiopia will generate cashflow equivalent to its expected debt in one year. Harry Adams, executive chairman, said:  "At the current all-time high gold price of US$2,500 per ounce, the first full year net cash flow from Tulu Kapi operations is estimated at US$196 million (£154 million). “This is based on the 'bankable plans for the open pit with the plant to run at designed nameplate processing capacity,” he added. KEFI added that on the ground at Tulu Kapit, construction of the building camps has started alongside the drilling of water wells. Budgets for infrastructure are also being finalised with resettlement surveys also underway. On financing, a second site survey is underway for the co-credit lender. More at #Proactive #ProactiveInvestors http://ow.ly/aJH3105G4H5

KEFI Gold and Copper PLC (AIM:KEFI, OTC:KFFLF) says it is making good progress with the early works programme at its Tulu Kapi mine in Ethiopia ahead of the receipt of final approval for full construction to start. The early works programme will run through September 2024 and provide the basis for full financial close and commencement of Major Works in October 2024, ahead of the commissioning of production in mid-2026, according to a statement. KEFI added that along with its banks, its executives are in regular contact with the relevant government officials to resolve the remaining few administrative issues. An internal corporate re-organisation is being implemented to facilitate closing with regional investors and, in due course, the local stock exchange listing of securities issued to locals by the Ethiopian holding company, Tulu Kapi Gold Mines Share Company (TKGM). Subject to the finalisation of full project... More at #Proactive #ProactiveInvestors http://ow.ly/oG5w105A60C

🌟 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 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

Significant Progress on Tulu Kapi Gold Project US$320 million Finance Package KEFI Gold and Copper PLC (AIM: KEFI), an early mover and successful explorer in the highly prospective Arabian Nubian Shield, is pleased to announce that it has received confirmation of conditional final credit committee approval from the lead lender for its “shovel-ready” #Ethiopian development project, the high-grade Tulu Kapi Gold Project. This followed the analogous approvals from other key syndicate members including lead #contractors and lead #equity parties, and the previously reported actions by the Government of Ethiopia during 2023. Key Government actions include the previously negotiated and reported exemptions from #foreignexchange restrictions, commitments to provide permanent #security protection and the approval of additional protections for the lenders for the Project. Read more here: https://lnkd.in/e_aukw_7 #KEFI #Gold #Copper #TuluKapi

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

# News Top 10 gold-producing countries in Africa Africa is not left out of the global gold production venture as West Africa is said to be one of the world's fastest-growing regions in terms of gold production. Gold has come to stay as a major commodity amid its rising significance as a safe haven asset with prices skyrocketing globally, climbing to US$2,468.40 per troy ounce in June 2024. According to the World Gold Council (WGC), the volume of gold produced globally has steadily increased in the last four years, rising by 12%. The US Geological Survey put the volume of global gold production at 3,000 metric tons (MT) last year (2023) with a contribution of about US$38.0bn directly and indirectly to host nations. Africa is not left out of the global gold production venture as West Africa is said to be one of the world's fastest-growing regions in terms of gold production and is currently the source of around half the gold produced in Africa.

Discover how Saudi Arabia's 'Vision 2030' demands and propels investment in the nickel supply chain. 🚀🔗 Learn more about this ambitious plan and its impact on the nickel in this Fastmarkets article: https://okt.to/HN97nu #Fastmarkets #nickel #SupplyChainLogistics

PAKISTAN MUST NOT SELL ANY SHARE IN RIKO-DIK TO SAUDI ARABIA OR ANYONE ELSE. WE MUST DEVELOP THIS HUGE GOLD AND COPPER RESERVE IN CO-ORDINATION WITH BARRICK GOLD AS ORIGINALLY PLANNED. For God’s sake, stop selling our national assets to outsiders. We can use income from Riko-Dik to pay back our foreign debts. The Saudis are making trillions of dollars from their oil income. If they are really interested in investing in Pakistan, let them set up a large coal gasification plant in Thar to produce diesel, gasoline, fertiliser and petrochemicals so that we can stop importing oil and start exporting fertiliser and petrochemicals. Unfortunately, the present unrepresentative government is willing to sell everything so that Pakistan does not achieve financial prosperity. After all, that is the objective of the policy of “ NO EXIT FROM PAKISTAN “.

How To Make USD$ Millions As A Mineral Trade Facilitator Suppose you facilitate the 3 deals below in 1 year from the Democratic Republic of Congo ( Lubumbashi or Misisi, Mukera) to Tanzania (Das es Salaam) then final destination. * 500 metric tonnes of cobalt at $25.000/T that's $12. 500.000 * 500 metric tonnes of copper cathode at $7500/T that's $3.750.000 * 100 kgs of gold at $55.000 per kg that's $5.500.000 Total Deals $ 21.750.000 Facilitation fee 6% $1.305.000 Stay tune as we discuss about Facilitation business and how you can make Big money with minerals opportunities such as cobalt, copper, gold...the Right way. Note that I am not your financial adviser, i use this for information purpose only. #sudiammba #investinafrica #exportpromotion