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 has completed the technical work for Phase 1, Stage 1 of the definitive mining feasibility study (DMFS) for its RCPP ahead of schedule.

The company is awaiting the final technical report, which is expected to be ready by the end of November.

“The positive results obtained from the work done on the Rukwa DMFS to date have prompted the company to immediately proceed with the prefeasibility study (PFS) for the 300 MW coal-fired power plant included in the RCPP,” the group has said in a statement.

The PFS on the power plant will be conducted in two phases, with Phase 1 expected to be completed by the end of November, enabling the company to deliver a comprehensive, fully integrated, independent scoping study for the RCPP by early December.

“The rapid progress we have made and the strongly positive results from the feasibility work on the RCPP to date have substantially enhanced the company’s ability to finalise a robust and commercially sound transaction with a suitable development partner,” says Kibo CEO Louis Coetzee.

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.