Q: A newspaper in Ethiopia reports that the Oromia Government has sent the company a warning letter. Please explain.

A: The report is wrong and we will publish the following statement:

KEFI Gold and Copper Responds to Misleading Reporting by The Reporter

KEFI Gold and Copper, along with its Ethiopian subsidiaries KEFI Minerals Ethiopia and Tulu Kapi Gold Mines, operates under the highest standards of transparency and regulatory compliance.

We have noted false and misleading information published in The Reporter. We respectfully demand that The Reporter adheres to the same standards of accuracy and accountability expected of responsible journalism. 

Specifically, we wish to clarify that the recent capital raise of approximately £10 million from our international shareholders was fully disclosed and detailed in KEFI Gold and Copper’s official regulatory news statements. Contrary to the claims in The Reporter, no member of our group has received any warning letters or notifications from any Government agency on any matter.
KEFI Gold and Copper and its subsidiaries are proud of the constructive relationships we maintain with all members of the community and all levels of the Ethiopian Government. We are at a loss to understand either the basis or the motivation for the claims made in The Reporter’sarticle. We urge The Reporter to issue a correction and ensure accurate reporting in the future.