Name and Location
Rukwa coal-to-power project (RCPP), Tanzania.

Client
Kibo Mining.

Project Description
The project comprises two prospecting licences and two prospecting licence applications in south-western Tanzania, just south of Lake Rukwa.

The Rukwa Development Programme (RDP) will be implemented to accelerate the development of the project. Stage 1 of the RDP comprises the completion of a bankable feasibility study on the coal mine and a prefeasibility study on the power plant by December 2014.

Stage 2 will comprise all development and construction activities relevant to the mine and the power plant, with Stage 3 encompassing the commissioning and operation of the Rukwa coal mine and the Rukwa power station.

Value
Not stated.

Duration
Not stated.

Latest Developments
Kibo Mining has reported that Phase 1 of Stage 1 of the definitive feasibility study (DFS) is fully under way and initial benchmarks have been met. Further, discussions on power coal and connection agreements are progressing.

The initial focus of the DFS was to test the key benchmark assumptions that would determine the economic viability of the Rukwa coal mine as a long-term reliable coal supplier to the planned 300 MW mine-mouth Rukwa power station.

To date, the following key benchmark assumptions have been subjected to a first pass assessment and delivered positive results, justifying further definitive feasibility work:
• excellent potential to mine the Rukwa deposit successfully and economically, based on current coal quantity and quality;
• suitable calorific values to match the fuel requirements for the planned Rukwa power plant;
• acceptable ash and volatile-matter content;
• it will not be necessary to subject the coal feed to the Rukwa power plant to a washing process – a final decision in this regard will follow upon completion of advanced feasibility work; and
• sufficient coal in the current mineral resource to sustain the Rukwa power plant for up to 40 years.

“These initial results bode well for a successful outcome from the DFS and we are confident of continued positive results as the studies continue,” CEO of Kibo Mining Louis Coetzee has said.

Key Contracts and Suppliers
Standard Bank (financial adviser).

On Budget and on Time?
Not stated.

Contact Details for Project Information
Kibo Mining, tel +353 91 865367, fax +353 91 755066 or email info@kibomining.com.