Business
General Meeting Statement
General Meeting Statement.
About this update from Kefi Gold And Copper Plc
[{"type":"text","content":"\n \nRNS Number : 7635Y KEFI Minerals plc 06 January 2020 \n\n \n6 January 2020\nKEFI Minerals plc\n(\"KEFI\" or the \"Company\")\nGeneral Meeting Statement\nKEFI Minerals (AIM: KEFI), the gold and copper exploration and development company with projects in the Federal Democratic Republic of Ethiopia and the Kingdom of Saudi Arabia, announces that at today's General Meeting of the Company Harry Anagnostaras-Adams, Executive Chairman, will make the following statement:\n\"We have welcomed 2020 with some good news on a number of fronts. We have just announced that the subscription agreement into the Project company, Tulu Kapi Gold Mines Share Company (\"TKGM\") was duly executed by ANS Mining Share Company (\"ANS Mining\") on Sunday 5 January 2019 after it had completed its own internal processes in accordance with local procedures. The existing TKGM shareholders, KEFI and the Ethiopian Government, have also approved the issue of TKGM shares to ANS Mining.\n \nWe greatly appreciate the confidence and commitment demonstrated by ANS Mining, its board of Ethiopian business leaders and its underlying shareholders, which comprise a broad syndicate of strong organisations in the local banking, insurance and investment sectors. Combined with the commitments of the community and Government at all levels, this is truly an inclusive and broad-based public-private partnership with majority Ethiopian ownership. This is proving invaluable in traversing the political and security landscape of such a high-growth and fast-changing country.\n \nKEFI has committed to installing into TKGM all the systems and expertise required to develop and operate this first modern mine development in Ethiopia to the highest international standards environmentally, socially and in all other respects. We will maximise local participation in all aspects of the Project and have already built a school, provided local water supply and launched a project to initiate industry-wide training in parallel with the Project start-up.\n \nKEFI was until recently a grass roots explorer, but is now an explorer, developer and operator of mining joint ventures for influential and financially strong local partners in the Arabian Nubian Shield, in both Ethiopia and in Saudi Arabia, along with leading African project contractors,...