Kefi Minerals to raise £5.62m to develop Ethiopian gold project
13th Feb 2017 09:28
(ShareCast News) - Miner Kefi Minerals aims to raise £5.62m from a share and subscription placing in order to develop its gold project in Ethiopia. The AIM-listed company is to raise £600,000 from a share placing of 10.69m shares of 0.33p to be sold at 5.61p each, a subscription by certain directors
Read moreKEFI Minerals positive about talks with Ethiopian Government
25th Oct 2016 13:58
(ShareCast News) - Gold exploration and development company KEFI Minerals provided an update on its discussions with the Government of Ethiopia on Tuesday, over various aspects involved in formalising the agreements for the development of the Tulu Kapi Gold Project. The AIM-traded firm confirmed tha
Read moreKefi Minerals further cuts Tulu Kapi funding requirements
2nd Jun 2016 13:51
(ShareCast News) - Shares in Kefi Minerals are down about 5% as it further cut the funding requirements and finance costs for developing the Tulu Kapi Gold Project in Ethiopia. The Saudi Arabia- and Ethiopia-facing gold exploration and development firm said it remained on track to execute syndicated
Read moreKEFI says Ethiopia to invest $20m for equity in Tulu Kapi Gold Project
16th May 2016 14:05
(ShareCast News) - KEFI Minerals said the Government of Ethiopia has formally committed to invest $20m for equity in the Tulu Kapi Gold Project. The money would go to roads, power and certain other associated infrastructure required by the project. The investment would see the Government of Ethiopia
Read moreKEFI Minerals moves closer to commencing at Tulu Kapi
3rd Feb 2016 15:25
(ShareCast News) - KEFI Minerals moved a step closer to commencement at its Tulu Kapi Gold Project on Wednesday, announcing the successful selection of its preferred senior secured lenders. The AIM-traded gold exploration and development company, which has projects primarily in Ethiopia, said the le
Read moreKEFI Minerals on course to start production at Tulu Kapi in 2017
30th Dec 2015 15:09
(ShareCast News) - KEFI Minerals continued to be course to begin production at its Ethiopian gold project in 2017, thus ending the year in a strong position, the company told investors in an operational update. The Ethiopia-focused gold exploration and development outfit remained on track to fully d
Read moreKefi Minerals on track for 2017 gold production
19th Oct 2015 11:11
(ShareCast News) - Kefi Minerals believes it is on track to start producing gold in 2017. The AIM listed company posted a third quarter update on Monday, reporting on progress at the Tulu Kapi gold project in Ethiopia and the Gold & Minerals Ltd Joint Venture in Saudi Arabia. It noted that its Defi
Read moreKefi Minerals says final bidding has begun for Tulu Kapi gold project
17th Jul 2015 11:53
(ShareCast News) - Kefi Minerals said final bidding has opened for contracts to construct a process plant and for the operation of the mine at its Tulu Kapi gold project in Ethiopia. The gold exploration and development company said it expects to select the winning bidders next month. Harry Anagnos
Read moreKEFI Minerals raises over £660k in conditional placing
11th May 2015 15:01
Exploration and development group KEFI Minerals has raised £666,106 through a conditional share placing. The London-listed company said it had placed 66.6m new shares at 1p each, after opting against proceeding with a placing it had previously agreed with Goldfields Resources Fund. The deadline for
Read moreKefi Minerals awarded second major licence in Saudi Arabia
8th Dec 2014 11:34
AIM-listed gold miner Kefi Minerals has been awarded its second major licence in Saudi Arabia. The 95 square kilometre Hawiah Exploration Licence has been granted to Kefi's partner, Abdul Rahman Saad Al-Rashid & Sons Company on behalf of the Kefi-operated Gold and Minerals joint venture company. "E
Read moreKefi Minerals' H1 losses increase to £1.9m
11th Sep 2014 10:51
Kefi Minerals, a gold exploration company, saw shares fall on Thursday as its losses in the first six months of the year more than doubled. The company, which is yet to generate any revenues from its assets in Ethiopia and Saudi Arabia, increased its loss before tax to £1.9m in the first half compar
Read moreKefi Minerals makes progress on Ethiopian project
20th Jun 2014 10:34
AIM-listed gold explorer Kefi Minerals has taken a step towards building its Tulu Kapi project in Ethiopia. The results from an extra drill hole show strong gold mineralisation at Tulu Kapi, with best results of 12m at 4.23 gross tonnage. The group has completed field work and classified 90% of th
Read moreNumis Chief reduces stake with sale of 3m shares
11th Jun 2014 15:50
Oliver Hemsley, the Chief Executive Officer of Numis, has traded in three million shares, reducing his stake by almost a quarter to 9.4m. The 270p-a-share disposal generated £8.1m. The sale comes around one month after the group posted a 59% jump in first half revenue at £51.5m. Adjusted pre-t
Read moreNyota Minerals agrees sale of final Tulu Kapi stake to Kefi Minerals
11th Jun 2014 09:31
Gold explorers Nyota Minerals and Kefi Minerals have signed a conditional agreement for Nyota to sell its final 25% interest in the Tulu Kapi Gold Project to Kefi for a total of £1.5m. Under the deal, Nyota will receive £0.75m in cash and 50m new Kefi shares. This will take its stake in Kefi from
Read moreKEFI Minerals targets reactivation of Tulu Kapi in 2015
1st Apr 2014 11:46
With a two-month drilling programme under way, KEFI Minerals said it has begun moving its focus from exploration to development. Having acquired the Tulu Kapi gold project in Western Ethiopia in December the AIM-listed company immediately re-opened it with a view of reactivating the Mining Licence
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