Proactive’s Post

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

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

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

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

How to Avoid Dutch Disease? The two primary strategies that can help solve Dutch disease are listed below: 1, Deceleration of domestic currency appreciation The deceleration of currency appreciation is an easier and more viable strategy to prevent the adverse effects of Dutch disease. It can sometimes be achieved by smoothing the spending of revenues earned from the export of natural resources. One of the most common methods to do so is the creation of a sovereign wealth fund. Many developed and developing countries, including Australia, Canada, Norway, and Russia, manage large sovereign wealth funds. Sovereign wealth funds aim to stabilize the inflows of capital into the economy to prevent it from overheating and causing significant currency appreciation. Excess revenues can be spent on education or infrastructure that will help to diversify the economy. 2. Diversification of the economy The diversification of the economy is a strategy that can almost eliminate the negative impact of Dutch disease on the economy. Economic diversification can be achieved by subsidizing lagging sectors of the economy or establishing tariffs to support domestic producers. Source: https://lnkd.in/gre3u4A5 #Sovereignwealthfund #Economicdivwrsification

🌟 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

invest in the gold mine in Guinea

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

"Addressing Papua New Guinea's Gold Bullion Project: The government needs to prioritize transparency to build trust in its agreements with the National Gold Corporation. By openly sharing details, this will ensure everyone is informed and can participate meaningfully. Collaboration with experts, academics, and local leaders will allow us to tap into diverse perspectives for the best decisions. Revisiting and refining project terms based on these insights can address concerns and improve the project's effectiveness. Drawing from our successful history of gold refining, we can implement sustainable practices that benefit our economy in the long run. Gold's role as an inflation hedge makes this venture even more promising for economic growth. Let's commit to transparency and collaboration as we work towards the success of the Gold Bullion Project for Papua New Guinea's prosperity. #GoldBullionProject #PapuaNewGuinea #EconomicDevelopment"

--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