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Topic

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 signs development agreement with Sepco III

By: Simone Liedtke     3rd July 2018 Aim-listed Kibo Mining has signed a strategic development agreement (SDA) with China-based Sepco III to work towards enhancing Kibo’s strategy and the development of its portfolio of energy projects. As part of the SDA, Sepco III has committed to a two-stage equity investment in Kibo. 

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, Termoeléctrica finalise Benga JV in Mozambique

By: Marleny Arnoldi     28th June 2018 Aim- and JSE-listed Kibo Mining has finalised a joint venture (JV) agreement with Mozambique energy company Termoeléctrica de Benga regarding the development of the Benga independent power project, in Tete, Mozambique. This agreement includes the right to build and operate a 150 MW to 300 MW... 

Kibo sells nickel subsidiary to Katoro as it focuses on energy sector

By: Marleny Arnoldi     22nd June 2018 Aim-listed Kibo Mining has sold its Kibo Nickel subsidiary to Aim-listed Katoro Gold for 15.34-million shares valued at about £200 000.  

Kibo moves into the Mozambican market

By: Marleny Arnoldi     6th June 2018 Aim- and JSE-listed Kibo Mining has signed a joint venture (JV) agreement with Mozambican energy company Termoeléctrica de Benga to participate in the further assessment and potential development of the Benga independent power project, in Tete, Mozambique.  

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 Mining issues 8.3m shares in settlement to Sanderson Capital Partners

By: Marleny Arnoldi     2nd May 2018 Aim- and AltX-listed energy and resources company Kibo Mining on Tuesday issued 8.3-million new shares, valued at €0.015 a share, to Sanderson Capital Partners as a partial settlement on the $568 712 drawn down under a December 2016 forward payment facility.  

Kibo to raise cash for expedited Botswana coal-to-power study

By: Creamer Media Reporter      10th April 2018 Aim-listed energy and resource company Kibo Mining said on Tuesday that it would raise capital to expedite its feasibility study for its coal-to-power project in Botswana and also announced changes to its board and management. Kibo said that it had received commitments to raise £1.5-million by... 

Kibo Mining’s acquisition of 85% stake in Botswana project completed

By: Marleny Arnoldi     3rd April 2018 Multi-asset Africa-focused energy and resources company Kibo Mining has completed the acquisition of an 85% interest in the Mabesekwa Coal Independent Power Project (MCIPP), in Botswana, from Sechaba Natural Resources.  

Kibo, Tanesco sign MoU

By: Simone Liedtke     14th February 2018 Africa-focused energy and resource company Kibo Mining has signed a memorandum of understanding (MoU) with the Tanzania Electric Supply Company (Tanesco) as a precursor to the finalisation of a power Purchase Agreement (PPA) for the Mbeya coal-to-power project (MCPP). The PPA is expected to be... 

Kibo Mining expects imminent signing of PPA

By: Megan van Wyngaardt     18th December 2017 Dual-listed coal-to-power project developer Kibo Mining on Monday said it expected to sign a final power purchase agreement (PPA) with the newly formed Tanzania Ministry for Energy for the Mbeya project in the first quarter of 2018. The company said this followed a “positive” briefing between... 

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... 

Investor support for Tanzania-focused company

13th October 2017 All subscribers to the convertible loan notes issued on September 27 by Tanzania-focused mineral exploration and development company Kibo Mining have elected to convert the notes to Kibo shares. The notes were converted at a Kibo share price of £0.05, which was calculated in accordance with the... 

Kibo moves closer to concluding PPA, securing project financing for MCPP

By: Creamer Media Reporter      18th September 2017 Dual-listed Kibo Mining says it is near concluding a power purchase agreement (PPA), as well as securing project financing for its Mbeya coal-to-power project (MCPP) in Tanzania. A memorandum of understanding (MoU), as a precursor to a final PPA with Tanzania power utility Tanesco, has passed all... 

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 hold formal negotiations with potential MCPP investors

By: Creamer Media Reporter      22nd August 2017 Aim- and AltX-listed Kibo Mining will, in the coming weeks, hold formal negotiations with infrastructure investors that have expressed an interest in making an equity investment in the Mbeya coal-to-power project (MCPP), in Tanzania. Kibo, which is headed up by CEO Louis Coetzee, expects to work... 

Kibo monitoring Tanzania mining legislation changes

By: Anine Kilian     4th July 2017 Tanzania-focused exploration and development company Kibo Mining is reviewing pending mining legislation changes in Tanzania. The Aim- and JSE-listed company, which is developing the Mbeya coal-to-power project (MCPP) in the country, on Tuesday said it would continue to monitor the situation... 

Kibo says not deterred by Tanzania Mining Act changes as MCPP progresses

By: Megan van Wyngaardt     14th June 2017 Dual-listed coal developer Kibo Mining on Wednesday said recent discussions with key stakeholders of its Mbeya coal-to-power project (MCPP), in Tanzania, have resulted in “significant progress” for the further development of the project. A recent request for an expedited development of the MCPP... 

Junior miners well placed to exploit better-performing commodities

By: Dylan Slater     26th May 2017 After a downturn of several years in the mining and mineral resources sector globally, “green shoots” are appearing off the back of a recovery in commodity prices that began in 2016, with a corresponding improvement in investor sentiment, according to Botswana-based coal and energy development... 

Junior mining set to benefit from resurgence in sector

8th May 2017 After several years of a downturn in the mining and mineral resources sector, green shoots continue to appear off the back of a recovery in commodity prices which began in 2016, with a corresponding improvement in investor sentiment.   The general sentiment is that a recovery is underway in the... 

Kibo gold spin-off Katoro to list in May

By: Natasha Odendaal     5th May 2017 Aim-listed Opera Investment is eyeing May 23 as the date to cancel its admission on the London bourse – and the start of trading of newly formed spin-off Katoro Gold Mining, as the proposed sale of AltX- and Aim-listed Kibo Mining’s northern Tanzania-based gold assets is wrapped up. Opera... 

Evaluation reaffirms decision to acquire gold assets

28th April 2017 London investment company Opera Investments’ decision to acquire the Lubando and Imweru assets, in Tanzania, has been reaffirmed by an evaluation by South African consulting group Minxcon, which confirmed Lubando’s gold resource at 6.78-million tonnes, grading 1.10 g/t, containing 293 870 oz.... 

Kibo Mining signs supply MoU with Mbeya Cement

By: Megan van Wyngaardt     20th April 2017 Dual-listed Kibo Mining has signed a strategic memorandum of understanding (MoU) with Lafarge Tanzania subsidiary Mbeya Cement, to develop regional collaboration and to allow for reciprocal supply of materials. The MoU includes discussions with regional development partners to allow socioeconomic... 

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 inches closer to completion of gold assets sale to Opera

By: Megan van Wyngaardt     2nd March 2017 The proposed sale of dual-listed Kibo Mining’s northern Tanzania-based gold assets, Imweru and Lubando, to London-listed Opera Investment is one step closer to completion, after the projects’ resources were upgraded. The two companies in September signed a heads of agreement for the unloading of... 

Kibo, Metal Tiger call it quits on JV projects

By: Megan van Wyngaardt     24th February 2017 Dual-listed Kibo Mining has terminated joint venture (JV) activities with Metal Tiger at the Pinewood and Morogoro mines, in Tanzania. The companies will also relinquish the mine licences back to the local authorities. 

Kibo awaits MCPP Esia certification

By: Megan van Wyngaardt     15th February 2017 Dual-listed Kibo Mining has completed the environmental- and social-impact assessment (Esia) for its Mbeya coal-to-power project (MCPP), in Tanzania, and is now awaiting certification. CEO Louis Coetzee on Wednesday said the completion of the Esia work marked another major step forward in the... 

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 Mining unfazed by management restructuring at Tanzanian Electric Supply Company

By: African News Agency      5th January 2017 Kibo Mining has said that it was not fazed by the ongoing changes and restructuring at the Tanzanian Electric Supply Company (Tanesco) which were seen as threatening to its Mbeya Coal to Power Project (MCPP). This comes after Tanzania president John Magufuli promptly sacked Tanesco MD Felchesmi... 

Kibo secures $2.9m forward payment facility for Mbeya project

By: Ilan Solomons     21st December 2016 Tanzania-focused mineral exploration and development company Kibo Mining has entered into a binding term sheet with UK-based private equity provider Sanderson Capital Partners for a new $2.9-million forward payment facility. The facility provides for Kibo to be advanced part of the $3.6-million... 

Kibo, Opera Tanzania gold asset deal progressing well

By: Natasha Odendaal     2nd December 2016 The proposed sale of AltX- and Aim-listed Kibo Mining’s northern Tanzania-based gold assets to London-listed Opera Investment has now reached an advanced stage and is expected to conclude in due course. Kibo on Friday said that, while the spin-off of its Imweru and Lubando gold projects into a... 

Kibo, GE sign collaboration agreement

By: Anine Kilian     21st November 2016 Tanzania-focused mineral exploration and development company Kibo Mining has signed a collaboration agreement with General Electric International (GE), which will supply equipment, technology and services to the Mbeya coal-to-power project (MCPP) power plant. GE will also assist Kibo in... 

Mbeya power project slightly delayed by changes in government

By: Simone Liedtke     7th October 2016 Changes in the Tanzanian government have caused minor delays in Tanzania-based minerals exploration and development company Kibo Mining’s memorandum of understanding (MoU) with State-owned power utility Tanzania Electric Supply Company (Tanesco). The MoU involves the supply of power from the... 

Kibo appoints Absa as Mbeya Project’s financial adviser

By: African News Agency      22nd September 2016 Kibo Mining on Thursday said it had signed an advisory engagement letter with Absa Bank laying out the scope of work and terms under which it will act as financial advisor on the Mbeya Coal to Power Project (MCPP). Kibo is developing a 250 MW to 350 MW mouth-of-mine thermal power station in its... 

Kibo shares rise as its signs MoU with GE

By: Anine Kilian     16th September 2016 Kibo Mining's share price on the JSE and LSE rose by about 12% on Friday morning after it announced that it had signed a memorandum of understanding (MOU) with US multinational conglomerate General Electric (GE). GE and its subsidiaries will supply equipment, technology and services to the power... 

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