Kefi Minerals: Centerra Gold Withdraws From Artvin Joint Venture

15th Jul 2010 12:45

LONDON (Dow Jones)--Kefi Minerals PLC (KEFI.LN), an AIM-quoted gold and copper exploration company with projects in Turkey and the Kingdom of Saudi Arabia, said Thursday Centerra Gold Inc. (CAGDF) has advised the Company of its intention to withdraw from the Artvin joint venture. MAIN FACTS: -Full ownership of the Artvin project will revert to Kefi Minerals. -The relationship with Centerra is currently focused on the Bakir Tepe joint venture and seeking other joint venture exploration opportunities in Turkey. -Kefi continues to develop understanding and evaluate the potential of the Artvin Project prior to committing to another drilling program. -Kefi shares at 1140 GMT up 0.05 pence, or 4.5%, at 1.15 pence valuing the company at GBP3.22 million. -By Ian Walker, Dow Jones Newswires; 44-20-7842-9296; [email protected] (END) Dow Jones Newswires July 15, 2010 07:45 ET (11:45 GMT)