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Kibo Energy says submits documents in bid for Tanzania coal to power project

By: African News Agency      19th October 2018 Africa-focused energy company Kibo said on Friday it had submitted its formal tender qualification document to the Tanzania Electricity Supply Company (Tanesco) for the Mbeya coal to power project, in line with the government’s new initiative to develop independent power projects. "Our visionary... 

Katoro expects Kibo Nickel acquisition to close soon, mining licence for Imweru pending

By: Marleny Arnoldi     11th September 2018 Aim-listed Katoro Gold had an active six months to June 30, with the continued development of the Imweru gold project, in Tanzania, and diversifying its portfolio with the acquisition of Kibo Nickel. The company expects the Kibo transaction to be completed shortly, which will give Katoro access... 

Kibo, GE expand their collaboration on energy projects

By: Creamer Media Reporter      29th August 2018 Aim- and AltX-listed Kibo Energy has entered into an expanded collaboration agreement with US-based General Electric (GE). Under the terms of the agreement, GE will work with Kibo to develop its portfolio of energy projects in Tanzania, Botswana and Mozambique, as well as enhance its strategy of... 

Kibo to raise £500 000 for Botswana, Mozambique projects; shareholders approve name change

By: Simone Liedtke     30th July 2018 Aim-listed Kibo Mining has received commitments from an Ireland-based Investment Fund to raise £500 000 through a placing of just over 9.5-million ordinary shares in Kibo of par value at €0.015 at a placing price of 5.25p a share. The funds from the placing will go towards general working... 

Kibo to issue shares to Sanderson to settle debt

By: Marleny Arnoldi     9th July 2018 Aim- and AltX-listed Kibo Mining has settled the outstanding balance of £1.11-million on the forward payment facility that was agreed on in December 2016 with Sanderson Capital Partners.  

Kibo reaches final PPA discussion phase for MCPP

By: Simone Liedtke     29th June 2018 Aim- and AltX-listed Kibo Mining has reached the final phase of discussions with the Tanzania Electric Supply company (Tanesco) regarding the power purchase agreement (PPA) for its Mbeya coal-to-power project (MCPP). Kibo on Friday resubmitted a reformatted integrated bankable feasibility study... 

Kibo completes maiden Samrec-compliant resource for Mabesekwa

By: Anine Kilian     21st June 2018 Aim-listed Kibo Mining on Thursday reported a maiden South African Code for the Reporting of Exploration Results, Mineral Resources and Mineral Reserves-compliant resource of 302.9-million tonnes at its 85%-owned Mabesekwa Coal Independent Power Project (MCIPP), in Botswana. Feasibility studies... 

Kibo awards second lot of Mbeya EPC contract

By: Simone Liedtke     21st May 2018 Aim-listed Kibo Mining has awarded Sepco III the second lot of the engineering, procurement and construction (EPC) contract for its Mbeya coal-to-power project (MCPP), in Tanzania. Lot 2 of the EPC contract involves the construction of the power line that will evacuate power from the Mbeya power... 

Kibo, Tanesco to meet next week on PPA for MCPP

By: Simone Liedtke     5th April 2018 The Tanzania Electric Supply Company (Tanesco) will convene a work session for the power purchase agreement (PPA) task team for Kibo Mining’s Mbeya coal-to-power project (MCPP) on April 10. Representatives from Kibo and Tanesco will attend the session, which is aimed at finalising work on the... 

Kibo advances strategy with Botswana IPP project stake acquisition

By: Anine Kilian     30th November 2017 In line with its strategy of building a diversified portfolio of energy production assets, Aim-listed Kibo Mining will acquire an 85% stake in a company that will hold the Mabesekwa coal independent power producer (MCIPP) project for about £9-million in shares. Kibo has entered into an agreement... 

Kibo secures Esia certification for Mbeya project

By: Natasha Odendaal     27th October 2017 AltX- and Aim-listed Kibo Mining has been granted an environmental- and social-impact assessment (Esia) certificate for its Mbeya coal and power generation project, in Tanzania. The Esia is the latest critical milestone for the company’s Mbeya coal-to-power project (MCPP), taking the project a... 

Kibo wins GE innovation award for Mbeya

By: Natasha Odendaal     8th September 2017 Aim- and AltX-listed Kibo Mining has been awarded the General Electric (GE) Innovative Project Development Deal of the Year 2017 for its Mbeya coal-to-power project, in Tanzania. The award was presented to the company in New York on Thursday. 

Kibo finalises transmission line bid for MCPP

By: Creamer Media Reporter      29th August 2017 Aim- and AltX-listed Kibo Mining has concluded the final bid clarification for the construction of the transmission line that will evacuate power from the Mbeya power plant to State-owned Tanesco’s Mbeya substation. The power plant forms part of Kibo’s Mbeya coal-to-power project (MCPP), which... 

Kibo to implement diversified production strategy for Mbeya

By: Natasha Odendaal     30th March 2017 Dual-listed Kibo Mining is adopting a diversified production strategy for the Mbeya coal mine, in Tanzania, which could potentially result in production starting earlier than planned. This followed a “careful study” of the Mbeya coal-to-power project (MCPP) integrated bankable feasibility study... 

Kibo Mining positions for power purchase agreement with the Tanzanian government

By: African News Agency      23rd March 2017 Kibo Mining said on Thursday that it was well placed to conclude negotiations on a power purchase agreement (PPA) with the Tanzanian government following the completion of restructuring and policy changes at the State-owned power supplier. This comes after Tanzania president John Magufuli in... 

Kibo completes MCPP integrated bankable feasibility study

By: Natasha Odendaal     23rd January 2017 The positive outcome of Aim- and AltX-listed Kibo Mining’s integrated bankable feasibility study (IBFS) for the Mbeya coal-to-power project (MCPP), in Tanzania, has placed the company in “a strong position” during the ongoing discussions and negotiations for the final power purchase agreement, as... 

Kibo signs EPC contract with Sepco III

By: Megan van Wyngaardt     19th December 2016 Following months of talks, dual-listed Kibo Mining has awarded the engineering, procurement and construction (EPC) contract for its Mbeya coal-to-power project (MCPP), in Tanzania, to Shandong Electric Power Construction Corporation III (Sepco III) Kibo CEO Louis Coetzee on Monday said the... 

Kibo receives integrated draft financial model for MCPP

By: Anine Kilian     1st December 2016 Tanzania-focused mineral exploration and development company Kibo has received an advanced draft of the integrated financial model for the Mbeya coal-to-power project (MCPP) from its financial advisers, Absa/Barclays. The model will be the subject of extensive review and further adjustment, based... 

Kibo, Sepco agree development refund for MCPP

By: Natasha Odendaal     13th October 2016 Aim- and AltX-listed Kibo Mining and Chinese firm Sepco III have agreed that $10.94-million is a fair reflection of the Mbeya coal-to-power project (MCPP) development costs over the past four years. Upon the financial close of the MCPP, Sepco III will refund Kibo some 50%, or $5.49-million, of... 

Kibo, Sepco agree to 3-week extension on MCPP development cost determination

By: Natasha Odendaal     23rd September 2016 Aim- and Alt-X-listed Kibo Mining has agreed to a three-week extension for the determination of the final development amount still due by China-based contractor Sepco III as part of a redefined agreement for the progression of Kibo’s Mbeya coal-to-power project (MCPP), in Tanzania. The agreement,... 

Kibo to fast-track gold assets with heads of agreement with Opera

By: Natasha Odendaal     23rd September 2016 Aim- and AltX-listed Kibo Mining has consolidated its Imweru and Lubando gold projects, in northern Tanzania, into a newly renamed company Katoro Gold Mining. This followed the signing of a heads of agreement with London-listed Opera Investment for the unloading of Kibo’s wholly-owned UK... 

Kibo receives first payment from Sepco III

By: Anine Kilian     5th September 2016 AltX- and Aim-listed Kibo Mining has received the first payment of $1.8-million from Chinese contractor Sepco III. This follows the signing, last month, of a new, redefined agreement allowing Sepco III to earn the right to become the sole bidder for the engineering, procurement and construction... 

Kibo renegotiates Sanderson loan

By: Anine Kilian     1st September 2016 AltX- and Aim-listed Kibo Mining has renegotiated terms for the payback of a £1.5-million loan facility provided by asset management group Sanderson Capital Partners, giving Sanderson a stake in the Mbeya coal-to-power project. While Kibo was required to pay back the loan in either cash or shares... 

MCPP definitive feasibility study confirms project’s robustness – Kibo

By: Anine Kilian     8th July 2016 The mining definitive feasibility study (MDFS) recently completed at dual-listed Kibo Mining’s Mbeya coal-to-power project (MCPP), in Tanzania, has confirmed the mine as a “robust project in every aspect”, says Kibo CEO Louis Coetzee. The MDFS comprised the optimisation of the mine design, a... 

Kibo, Lake Victoria definitive agreement delayed

By: Creamer Media Reporter      5th July 2016 Aim- and AltX-listed Kibo Mining expects to finalise a definitive agreement with Australia-based Lake Victoria Gold within the next two weeks. The companies announced last month that they would consolidate their respective Imweru and Imwelo gold projects, in Tanzania, to create a combined... 

Kibo completes power feasibility study for proposed Mbeya project

By: Natasha Odendaal     1st April 2016 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. 

Kibo enters into £1.5-million loan facility

By: Anine Kilian     2nd March 2016 Dual-listed Kibo Mining has entered into a loan facility with Sanderson Capital Partners for up to £1.5-million to be used for contingency funding. “The Mbeya coal-to-power project (MCPP) is progressing at an expeditious pace. We are now only a few months away from expected completion of the... 

Tanzania govt urges Kibo to fast-track Mbeya

By: Megan van Wyngaardt     25th February 2016 The Tanzanian government has given dual-listed Kibo Mining renewed confidence in the government’s support for the coal miner’s Mbeya coal-to-power project, following a meeting between Tanzanian Energy and Minerals Minister Professor Sospeter Muhongo and Kibo CEO Louis Coetzee. The meeting, which... 

Kibo renegotiates Sanderson loan, receives Hume funds

By: Megan van Wyngaardt     28th January 2016 Dual-listed Kibo Mining has received the £522 800 final proceeds of its February 2015 placing with Hume Capital Securities. This concluded the payment of £526 000, representing the consideration for 10.5-million shares issued to third-party investors. 

Payment of Kibo’s placing proceeds again delayed

By: Natalie Greve     3rd December 2015 Hume Capital Securities has informed Tanzania-focused mineral explorer Kibo Mining that the payment of the final proceeds from Kibo’s February placing will be further delayed by up to two months from November 27. This followed a previous notice issued by Hume in August that client monies would be... 

Kibo appoints Tractebel to complete Mbeya DFS

By: Natalie Greve     9th November 2015 Dual-listed Kibo Mining has appointed project engineering group Tractebel Engineering to conduct the definitive feasibility study (DFS) for the Mbeya coal-to-power project (MCPP), in Tanzania, and to continue, thereafter, as owner’s engineer during subsequent development stages of the project’s... 

Kibo Mining signs £500 000 loan agreement

By: Megan van Wyngaardt     4th November 2015 JOHANNESBURG (miningweekly.com) – Dual-listed Kibo Mining has entered into a three-month £500 000 loan facility with Sanderson Capital Partners.   The facility comprised an unsecured, interest-free, fixed-term loan. A fee of £150 000 associated with the arrangement and implementation of the... 

Kibo completes first phase of mining feasibility study

By: Megan van Wyngaardt     15th October 2015 The first phase of a definitive mining feasibility study (DMFS) at dual-listed Kibo Mining’s Mbeya coal-to-power project (MCPP), in Tanzania, has been completed, bringing the project closer to the final stage of its broader mining feasibility study.  The first phase, carried out in collaboration... 

Resources Watch  

By: Creamer Media Reporter      17th September 2015 Welcome to Creamer Media’s Resources Watch, a weekly video round-up of the events and people making and shaping the news in the mining industry. This week: Sasol is ‘excited' by South Africa’s gas-to-power prospects. ARM declares a dividend despite the copper price blow. And, Kibo says Tanzania’s... 

Kibo placing to be concluded by year-end

By: Megan van Wyngaardt     26th August 2015 JSE-listed Kibo Mining expected its £950 000 share placing through its former UK broker Hume Capital Securities to conclude between October and December, when £526 000, representing the consideration for 10.5-million shares, which were to be issued to third-party investors, would be released to... 

PFS points to coal sales of up to $48.6m/y at Mbeya project

By: Natalie Greve     12th August 2015 A prefeasibility study (PFS) on the mining portion of Tanzania-focused Kibo Mining’s Mbeya coal-to-power project (MCPP) has outlined potential yearly revenues from coal sales of between $48.4-million and $48.6-million and a yearly profit margin of between $24-million and $27-million, the company... 

Kibo, Sepco tour Tanzania assets

By: Natasha Odendaal     29th April 2015 A week after announcing its new Chinese suitor, Kibo Mining on Wednesday said the first and “strategically most important” condition for the joint development agreement (JDA) for its Tanzanian coal asset had been fulfilled. Aim- and AltX-listed Kibo Mining on April 20 inked a deal with... 

Kibo kicks off next stage of Rukwa definitive feasibility study

By: Natasha Odendaal     1st April 2015 Dual-listed Kibo Mining has started Phase 2, Stage 1 of the definitive mining feasibility study (DMFS) for its flagship Rukwa coal-to-power project (RCPP). This followed the confirmation by Minxcon Projects’ technical experts of the conclusion of the Phase 1, Stage 1 part of the process and the... 

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