KEFI offered a positive update that reaffirmed its belief that Ethiopian peace would be restored soon. Throughout this era of larger national turmoil, its project personnel stayed on the ground, preparing for the launch of the company’s Tulu Kapi Gold Project in an “appropriate, safety-minded” manner.
At the same time, project syndicate members reiterated their intention to participate as soon as normal conditions precedent were met, including community and security parts of the World Bank IFC Performance Standards, which were also a prerequisite of the mining license. The company’s value has also improved because of completing roughly 30,000 meters of drilling and a variety of other duties.
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