KEFI Restructures Saudi Venture to Focus on Ethiopia

KEFI Minerals (GB:KEFI) has released an update.

KEFI Gold and Copper is shifting its strategy by reducing its stake in the Saudi Arabian Gold and Minerals joint venture from 25% to 15% to focus on its majority-owned projects in Ethiopia. The decision comes as GMCO, the joint venture, initiates aggressive growth plans, including new developments and expanded exploration efforts. KEFI aims to leverage favorable market conditions in both Ethiopia and Saudi Arabia while prioritizing shareholder value.

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