(NewsDirect)
KEFI Gold and Copper PLC (AIM:KEFI,OTC:KFFLF) executive chairman Harry Anagnostaras-Adams speaks toThomas Warner from Proactive after releasing an update for thecompany's Tulu Kapi Gold Project in Ethiopia.
He starts by providing some context aboutgold mining in the country, saying that it has a rich history ofartisanal production and now has an emerging modern industrial-scalegold industry.
Harry shared updateson some new "regulatory ticks" in Ethiopia that he considerscrucial steps towards project financing, and the need for finalapprovals from banks, who are major contributors of developmentcapital.
He projects a launch in thenext quarter, with field mobilisation set for late September. He alsosuggests what he considers a positive shift in Ethiopia'sregulatory environment, drawing a parallel with Saudi Arabia whereKefi also has a project, and says that a $200 million equity capitalraise by Allied Gold underscores growing investor interest inEthiopia's gold sector.
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