MINE FINANCE
The residual funding needed to complete the development of Aim-listed Kefi Minerals’ Tulu Kapi gold mine, in Ethiopia, has narrowed further to $24-million, from the $32-million still required as at July 17. Kefi last month announced that it had signed the terms for $135-million in funding with Oryx Management, reducing the residual funding requirement from $160-million to $32-million.
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