JOHANNESBURG (miningweekly.com) – AltX- and Aim-listed Kibo Mining has completed its definitive power feasibility study (DPFS) on its proposed Mbeya coal-to-power project (MCPP).
The Tanzania-focused mineral exploration and development company would publish the outcomes of the study following a review process.
“We are very pleased with the overall progress on the MCPP and, in particular, with the timely completion of work on the DPFS,” Kibo CEO Louis Coetzee said on Friday.
Updating the market in a statement, he said that, while the results could not yet be disclosed, the outcomes to date were within Kibo’s expectations.
“We remain on schedule with all other parallel and interdependent MCPP work streams as per the recently published MCPP timeline and description,” he noted.