RCS - Kefi Gold and Copper - Tulu Kapi Workshop with Key Local Stakeholders

KEFI Gold and CopperAnnouncement

22/09/2022 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220922:nRSV2279Aa&default-theme=true

RNS Number : 2279A  Kefi Gold and Copper PLC  22 September 2022

Reach

22 September 2022

KEFI Gold and Copper plc

("KEFI" or the "Company")

Tulu Kapi Gold Mines Workshop with Key Local Stakeholders to Agree Immediate
Actions Ahead of Project Launch

 

KEFI (AIM: KEFI), the gold and copper exploration and development company with
projects in the Federal Democratic Republic of Ethiopia and the Kingdom of
Saudi Arabia, is pleased to announce that Tulu Kapi Gold Mines Share Company
("TKGM") has successfully concluded a three-day workshop with representatives
of various Ethiopian Government agencies and other local representatives to
agree the immediate actions required to enable launch of the Company's Tulu
Kapi Gold Project.

During the three-day workshop, TKGM and the various government agencies and
others in attendance agreed on action plans, including the implementation of
the first phase of the community resettlement, increasing employment of local
personnel for site preparations, and upgrading of security protection as
people movement increases.

Local stakeholders in attendance included the community representatives of
project affected persons, the Ministry of Finance, the Oromia Regional
Government Administration President's Office, together with West Wolega Zone
Administration, Oromia and Zonal Land Administration Office, rehabilitation
and restoration agencies, Woreda Administrations of Genji, Gimbi and Lalo
Asabi, local security forces, the Ethiopian Roads Authority and the Ethiopian
Electric Power Company.

The workshop followed recent meetings between KEFI and the Ministry of Mines,
Ministry of Finance and the office of the Prime Minster committing to
collaboratively work intensely to finalise Government administrative
clearances and other preparations for project construction and operating
contracts and financings.

KEFI Executive Chairman, Harry Anagnostaras-Adams, commented: "It is an honour
for our team to work hand in hand with so many stakeholders including the
community and the large number of Government agencies involved, to provide the
local infrastructure and the support services.  The Tulu Kapi Gold Project
will be a first for many decades in Ethiopia and we all agreed over the past
few days that it will be achieved by collaborative dedication to comply with
the highest international standards for social, environmental and technical
performance."

Enquiries

 KEFI Gold and Copper plc
 Harry Anagnostaras-Adams (Managing Director)                         +357 99457843
 John Leach (Finance Director)                                        +357 99208130
 SP Angel Corporate Finance LLP (Nominated Adviser and Joint Broker)  +44 (0) 20 3470 0470
 Jeff Keating, Adam Cowl
 Tavira Securities Limited (Joint Broker)                             +44 (0) 20 7100 5100
 Oliver Stansfield, Jonathan Evans
 WH Ireland Limited (Joint Broker)                                    +44 (0) 20 7220 1666
 Katy Mitchell, Andrew de Andrade
 IFC Advisory Ltd (Financial PR and IR)                               +44 (0) 20 3934 6630
 Tim Metcalfe, Florence Chandler

 

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word “Reach” in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NRADGGDCISDDGDB