The Federal Supreme Court of Ethiopia dismissed all claims against KEFI Minerals Plc regarding an inherited claim for damages, according to a Nov. 28 company release.
A previous judgment reduced the company's liability from US$12 million to US$600,000, which it inherited when it acquired the Tulu Kapi gold project.
KEFI appealed to the court regarding the remaining US$600,000 and is no longer liable for any damages, it said.
The company added that it will defend its position if another appeal is raised.
