Tulu Kapi’s net funding requirement reduced to $130m

June 2, 2016

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The net funding requirement for Aim-listed Kefi Minerals’ Tulu Kapi project, in Ethiopia, has been reduced to about $130-million, from a previously anticipated $145-million, following further refinements to project contracting arrangements and project plans. The company now envisaged a ten-year openpit plan, compared with the previous 13-year openpit plan, which resulted in the lower net funding requirement.

Category: General