Business
Chairman's GM Statement
Chairman's GM Statement.
About this update from Kefi Gold And Copper Plc
[{"type":"text","content":"\n \nRNS Number : 1340Y KEFI Minerals plc 01 March 2017 \n\n \n1 March 2017\nKEFI Minerals plc\n(\"KEFI\" or the \"Company\")\n \nChairman's GM Statement\nKEFI Minerals (AIM: KEFI), the gold exploration and development company with projects in the Kingdom of Saudi Arabia and the Democratic Republic of Ethiopia, announces that at today's General Meeting (the \"GM\") Harry Anagnostaras-Adams, Chairman, will make the following statement. In addition, Mr Anagnostaras-Adams, along with John Leach, Finance Director and Wayne Nicoletto, Chief Operating Officer, will give an informal presentation on the progress of the Company. The presentation contains no material new information and will be made available on the Company's website (www.kefi-minerals.com) from 5.00pm GMT today. \n\"Let me begin by reminding all here about the progress we have made at Tulu Kapi and in Saudi Arabia since we were together at our AGM on 30 June 2016. Then I will briefly comment on the announcement we made on 13 February about the £5.62m conditional fundraising. \n\"KEFI has made solid progress towards becoming a gold production company. The calm and pro-development situation in Ethiopia, combined with the financing proposals being considered by KEFI today, make the Board confident about the future of the Tulu Kapi Gold Project. I am particularly pleased how the team recovered our progress after being temporarily stalled by the declaration of a State of Emergency in Ethiopia in October 2016. \n\"Since we met in June 2016 at the AGM, we have always continued to have strong collaboration with and commitment from all levels of the Ethiopian Government. Recent Government actions continue to provide domestic stability and improving governance whilst maintaining Ethiopia's position as one of the world's top 10 growth countries. And Government actions over the past few months indicate an even stronger resolve to proceed with Project development as soon as possible. The Prime Ministerial Committee established to fast-track the Project has reinforced its commitment to and collaboration with KEFI. The Shareholders' Agreement for the Government's partnership with KEFI was passed to the relevant Ministry for final review and execution. The Company re-confirmed with the Government's legal office the principles for determining the resettlement ...