StockMarketWire.com - KEFI Minerals and the Ethiopia government have finalised resettlement arrangements for the Tulu Kapi community which the company has described as a vital step ahead of starting construction at the project.

KEFI said tasks included property survey and data updates plus new lands site preparations.

An update said: " The objective for the government of Ethiopia and KEFI is for construction to commence in H2-17.

"Consultations are at the relevant federal Government ministries, Oromia National Regional State, West Wolega Zone and the Municipalities (Genji Woreda, Kapi Guracho and Bikiltu Ankore)." The company said it would be hosting site visits which would start today and end on Friday 28 April.

KEFI executive chairman Harry Anagnostaras-Adams said: "KEFI and the government at all levels, have worked diligently with the local community to ensure that they are supported and compensated appropriately throughout the resettlement process.

"Tulu Kapi is an important project, not just for KEFI but for the district, region and for Ethiopia as a whole.

"All stakeholders recognise the value-added contribution this project is expected to make, especially to the community and district, including training and long term jobs for over 500 people, a significant local economic multiplier effect and the generation of over US$1bn of hard currency exports from initial open pit operations alone.

"With this vital step now taken, we look forward to progressing with the final steps ahead before commencing construction."






At 9:08am: [LON:KEFI] KEFI Minerals PLC share price was +0.55p at 5.3p



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