KEFI Minerals (AIM: KEFI), the gold exploration and development company with projects in the Kingdom of Saudi Arabia and the Federal Democratic Republic of Ethiopia, announces that the previously preferred Engineering, Procurement and Construction (“EPC”) contractor has been replaced with marke tleader Lycopodium Ltd resulting in better proposed financial terms and an unchanged timetable.
KEFI Minerals Ethiopia Limited has a new Head of Operations and Managing Director, Wayne Nicoletto.
UK-based KEFI Gold and Copper PLC has announced a USD 30 million investment opportunity for Ethiopian investors as part of its USD 500 million Tulu Kapi Gold Mines project.
KEFI Minerals bought the remaining 25 percent Nyota Minerals Limited ownes in the Tulu Kapi Gold Mine Oromia State, Ethiopia.
KEFI Minerals Ltd, the UK mining company is set to construct a large-scale gold processing plant in Western Wollega, Tulu Kapi, according to The Reporter.
