Kefi making progress in efforts to secure funding for Tulu Kapi

Aim-listed Kefi Minerals has made “good progress” in assembling a full consortium focused on raising all the development funding at project level for the Tulu Kapi mine. The gold exploration and development company, which has projects in Ethiopia and Saudi Arabia, is planning a $150-million bond issue for debt, an increase on the prior $140-million target, to include extra cash reserves.