Executive Interview – KEFI Minerals

In this video, executive chairman Harry Anagnostaras-Adams talks about developments at the Tulu Kapi project in Ethiopia. He discusses the opportunities that KEFI has recognised as a result of the current gold price, the changes to the investment proposition since taking over the project two years ago and the positive effect of these changes on shareholder returns. He is joined by Norman Ling, former UK ambassador to the Federal Democratic Republic of Ethiopia and non-executive director at KEFI Minerals, to discuss the “highly prospective” Arabian-Nubian Shield (ANS) and Ethiopia as opportunistic mining destinations.
KEFI was formed in 2006 and has since rapidly evaluated and relinquished a number of exploration properties, as well as acquiring new projects, particularly in the Levant. The ANS, which spans the African and Arabian plates, became the company’s primary focus in 2008, when it commenced exploration in Saudi Arabia. It expanded its activities on the ANS in December 2013 when it acquired 75% of Tulu Kapi in Ethiopia for £4.5m from the previous licence holder, Nyota Minerals. In September 2014, it bought the remaining 25% of Tulu Kapi for £750,000 plus 50m shares. KEFI’s exploration activities are now concentrated exclusively on the ANS, with Tulu Kapi being its flagship project, followed by Jibal Qutman in Saudi Arabia.