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Kibo Energy PLC

Kibo Mining Plc - Kibo Monthly Q&A for Investors

RNS Number : 5162H
Kibo Mining Plc
08 June 2017
 

08 June 2017

 

Kibo Monthly Q&A for Investors

 

Kibo Mining plc ("Kibo" or the "Company") (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development company is pleased to announce that its next monthly Q&A session for investors, hosted by Vox markets, will be released on 12 June 2017.

 

Investors who wish to take part in the sessions can send their questions to investors@kibomining.com and register with Vox Markets at www.voxmarkets.co.uk/ 

 

Vox Markets is an award-winning service that provides the sophisticated investment community with aggregated information from a variety of sources.  To learn the latest on Kibo follow 'KIBO' at www.voxmarkets.co.uk/company/KIBO to receive push notifications when Kibo features in the press, releases an RNS or features on a podcast interview.

 

Contacts

 

Louis Coetzee

 

 

+27 (0) 83 2606126

 

 

Kibo Mining plc

 

 

Chief Executive Officer

 

 

Andreas Lianos

 

+27 (0) 83 4408365

 

River Group

 

Corporate Adviser and

Designated Adviser on JSE

 

Jon Belliss

 

 

+44 (0) 207 382 8300

 

 

Beaufort Securities Limited

 

Broker

 

 

Andrew Thomson

 

 

+61 8 9480 2500

 

 

RFC Ambrian Limited

 

 

Nominated Adviser

on AIM

 

Liz Morley /

Molly Stewart

 

 

+44 (0) 203 772 2500

 

 

Bell Pottinger

 

 

Investor and Media Relations

 

 

Kibo Mining - Notes to editors

Kibo Mining is listed on the AIM market in London and the AltX in Johannesburg.  Kibo Mining is focused on exploration and development of mineral projects in Tanzania, and controls a large mineral rights portfolio in Tanzania. Tanzania provides a secure and stable operating environment for the mineral resource industry and Kibo Mining therein.

 

Kibo Mining holds a thermal coal deposit at Mbeya, which has a significant NI 43-101compliant defined resource, and is developing a 250-350 MW mouth-of-mine thermal power station, the Mbeya Coal to Power Project ("MCPP"), previously called the Rukwa Coal to Power Project ("RCPP"), with an established management team that includes ABSA / Barclays as Financial Advisor. Kibo has completed a Coal Mining Definitive Feasibility Study and a Power Pre- Feasibility Study for the Mbeya project and has recently announced the completion of an Integrated Bankable Feasibility Study report for the project. On 25 August 2016, Kibo signed an Agreement with China based EPC contractor SEPCO III granting it the right to become the sole bidder for the EPC contract to build the power plant component of the MCPP in exchange for SEPCO III refunding 50% of the development costs incurred by Kibo to date on the project. Kibo has already received the first tranche of this funding in the amount of US$1.8 million on the 5th September 2016 and signed an EPC contract with SEPCO III on the 19th December 2016.

 

Kibo also holds the Haneti Project on which the latest technical report confirms prospectivity for nickel, PGMs, gold and strategic metals including lithium.

 

Kibo Mining's projects are located in central Tanzania and in the Mtwara Corridor in southern Tanzania where the Government has prioritized infrastructural development attracting significant recent investment in coal and uranium. Kibo Mining has a positive working relationship with the Tanzanian government at local, regional and national levels and works hard to maintain positive relationships with all communities where company interests are held. Kibo Mining recognizes the potential to enhance the quality of life and opportunity for Tanzanian citizens through careful development of its projects.

 

Updates on the Company's activities are regularly posted on its website www.kibomining.com

 

 

Johannesburg

08 June 2017

Corporate and Designated Adviser

River Group


This information is provided by RNS
The company news service from the London Stock Exchange
 
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