(NewsDirect)
KEFI Gold and Copper PLC (AIM:KEFI,OTC:KFFLF) executive chairman Harry Anagnostaras-Adams speaks toThomas Warner from Proactive about how the exploration and developmentcompany has performed in 2023 and how its positioned heading into thenew year.
Adams describes the end ofthe year as "extremely busy and very successful," highlightingthat key developments are aligning favourably, although not alldetails can be disclosed yet.
Hesays significant progress has been made at the Tulu Kapi Gold Projectin Ethiopia, with three major prerequisites being met. This includesthe relaxation of foreign exchange controls in October, allowing thecompany to organise a crucial stakeholder meeting in November. Hesuggests that these developments, coupled with strong support from theEthiopian government, including from the Prime Minister, have set thestage for the project's safe launch.
Adams details the government's quick and emphatic responseto the company's requests, providing extra support around theproject area. This response led the lead financiers to move towardsfinal approval. Adams emphasized the complexity of the transaction andthe forward momentum of the project, despite some delays in formalannouncements due to the protocols of large financingorganisations.
Looking ahead, Adamsmentions the commencement of formal resettlement processespost-Ethiopian Christmas (January 7th), expected to take two to threemonths. This period will involve working closely with each householdaffected by the project, ensuring a smooth transition.
In SaudiArabia, KEFI has also seen developments. The company plans intensivestrategy optimisation sessions in January. Ending the interview, Adamsconveys a sense of relief at reaching this stage of the company'sdevelopment and optimism for the future.
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