Friday 29 May 2009

Kefi's Saudi gold venture follows recent regulations to attract foreign mining investment

Kefi Minerals, the gold and copper explorer, announced the formation of its new minerals exploration joint venture, Gemco Limited with leading Saudi construction and investment group Abdul Rahman Saad Al-Rashid & Sons Company, (ARTAR).

Kefi is the operating partner with a 40% shareholding of GEMCO with ARTAR holding the other 60%.

ARTAR is a conglomerate investing in different sectors in Saudi Arabia such as construction, real-estate, agriculture and health care in the Kingdom of Saudi Arabia and abroad.

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