Residual financing needed for Tulu Kapi narrows further to $24m

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.