- The Federal Supreme Court of Ethiopia has eliminated KEFI's potential liability regarding an inherited claim for damages.

This follows a judgement earlier this year that reduced the company's liability from US$12m to US$0.6m, which was announced on 2 May.

As previously announced and reported in the company's statutory accounts, the original claim for damages of US$12 million (approximately ETB240 million) had been lodged against KEFI in 2014.

The claim was based on the impact of exploration field activities conducted between 1998 and 2006, a period which pre-dated KEFI's involvement in the Tulu Kapi Gold Project.

At 8:40am: [LON:KEFI] KEFI Minerals PLC share price was -0.46p at 3.14p

Story provided by