- Kefi Minerals said it had received key development and financing policy approvals for its Tulu Kapi gold project from the Ethiopian government.

The development had now received Ethiopian central bank approval for its banking arrangements.

'Whilst the remaining required government consents are important, they are all, in essence, implementation of administrative matters,' Kefi said.

These included the registration of actual historical investment and registration and an updated development plan, among other requirements.

'The government has certainly accelerated the pace in recent times as regards the various regulatory processes for this, the first modern mine development in Ethiopia,' managing director Harry Anagnostaras-Adams said.

'All major policy matters are now resolved for the project.'

At 2:27pm: [LON:KEFI] KEFI Minerals PLC share price was -0.02p at 2.14p

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