19
May
ADDIS ABABA – KEFI Gold and Copper, a UK-listed mining company, on Tuesday said its shareholders have formally approved the recent capital raisings for the development of its mining projects in Ethiopia and Saudi Arabia. The capital raised in several stages provided £28 million for KEFI to inject into early development works at Tulu Kapi Gold Project in Ethiopia and two other projects in Saudi Arabia. The mining firm said the finance endorsed today in London represents part of the future development costs at Tulu Kapi of approx 18 billion Birr. “The early development activities in Tulu Kapi are specifically…