Business
Q1 2019 Operational Update - Replacement
Q1 2019 Operational Update - Replacement.
About this update from Kefi Gold And Copper Plc
[{"type":"text","content":"\n \nRNS Number : 3563W KEFI Minerals plc 16 April 2019 \n\nThe following amendment has been made to the Q1 2019 Operational Update announcement released on 16 April 2019 at 07:00 under RNS No. 2608W.\nThe expected plant commissioning date being Q4 2021 was incorrect and should be Q4 2020. \nAll other details remain unchanged.\nThe full amended version is shown below. \n \n16 April 2019\nKEFI Minerals plc\n(\"KEFI\" or the \"Company\")\nQ1 2019 Operational Update\nKEFI Minerals (AIM: KEFI), the gold exploration and development company with projects in the Federal Democratic Republic of Ethiopia and the Kingdom of Saudi Arabia, is pleased to provide its quarterly operational update. \nThis update encompasses the activities of KEFI Minerals (Ethiopia) Ltd (\"KME\") and Tulu Kapi Gold Mines Share Company (\"TKGM\") in Ethiopia, and Gold & Minerals Ltd (\"G&M\") in Saudi Arabia for the period from 1 January 2019 to 31 March 2019, together with more recent developments where appropriate.\nSince 1 January 2019, any material events have been reported in separate announcements which are referred to below, along with explanatory updates on those and other related matters. It has been a very important quarter for the Company.\nTulu Kapi Gold Project in Ethiopia (the \"Project\")\nGovernment:\n· Prime Ministerial go-ahead for the Project: Dr Abiy Ahmed, Prime Minister of Ethiopia, issued the remaining instructions for the Project go-ahead as announced on 5 March 2019.\n· Clearance of Community Resettlement: The Ethiopian Federal Government has approved the resettlement plan and the Local Government has now approved the compensation calculations. The Regional Government has begun triggering the consecutive steps of the resettlement programme in consultation with the community and TKGM. The current focus is on the selection of individual land-parcels, house locations and training. This is expected to lead to compensation payments in July 2019 for the phase one move of some 60 households, with the preparations being completed in the meantime.\n· Clearance of other administrative matters: The Federal Government consents have all been received from relevant Federal agencies other than some final aspects of the Project finance structure wh...