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Ethiopia court dismisses all claims against KEFI

By BFN News | 08:40 AM | Tuesday 28 November, 2017


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 StockMarketWire.com

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