KEFI Minerals (GB:KEFI) has released an update.
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KEFI Gold and Copper PLC has officially commenced the Tulu Kapi Gold Project in Ethiopia, with the Board of Tulu Kapi Gold Mines overseeing the launch, backed by KEFI, Ethiopian Federal, and Oromia Regional Governments. The project is expected to create significant economic impact, including 1,000 direct and up to 10,000 indirect jobs, with an anticipated $500 million in foreign investment and robust annual financial returns from gold exports, royalties, and taxes. KEFI’s Executive Chairman highlighted the project’s robust economics, attractive investor returns, and recent exemptions from exchange controls, positioning Ethiopia as a competitive destination for mining investments.
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