KIBO MINING PLC - Kibo Mining Plc Update on the UK Investor Show

Kibo Mining Plc Update on the UK Investor Show

Kibo Mining Plc (Incorporated in Ireland) 
(Registration Number: 451931)
(External registration number: 2011/007371/10) 
Share code on the JSE Limited: KBO
Share code on the AIM: KIBO 
ISIN: IE00B97C0C31
(‘Kibo’ or ‘the Company’)

Dated: 17 April 2018

Kibo Mining Plc (‘Kibo’ or the ‘Company’) Update on the UK Investor Show 


Kibo Mining plc (‘Kibo’ or the ‘Company’) (AIM: KIBO; AltX: KBO), the multi-asset 
Africa-focused energy and resource company remains engaged with Tanzania Electric 
Supply Company (‘TANESCO’) in the ongoing process for the Power Purchase Agreement 
(‘PPA’) on the Company’s Mbeya Coal to Power Project (‘MCPP’).  Due to the critical 
importance and extent of these ongoing talks, as well as the immediate mobilization 
of work at the Mabesekwa project in Botswana, Kibo’s management team is unable to 
attend the UK Investor show in London on 21 April as planned.  The Company will 
however hold a private shareholder and investor event in the near future and details 
will be advised once they are finalised.

Louis Coetzee, CEO of Kibo Mining, said: “It is regrettable that Kibo is unable to 
have a presence at the UK Investor Show, but executive management’s undivided 
attention is required in Tanzania during these crucial discussions.  However, I look 
forward to meeting shareholders and investors at a private Kibo investors evening in 
London, where we can engage with and respond to the shareholders questions in a more 
personal environment.” 
 
**ENDS**

For further information please visit www.kibomining.com or contact:


Louis Coetzee
louisc@kibomining.com
Kibo Mining Plc
Chief Executive Officer

Andreas Lianos
+27 (0) 83 4408365
River Group
Corporate Adviser and Designated Adviser on JSE

Ben Tadd / 
Tom Curran
+44 (0) 20 3700 0093
SVS Securities Limited
Joint Broker

Jon Belliss
+44 (0) 20 7399 9400
Novum Securities Ltd
Joint Broker

Andrew Thomson
+61 8 9480 2500
RFC Ambrian Limited 
NOMAD on AIM

Isabel de Salis / Priit Piip
+44 (0) 20 7236 1177
St Brides Partners Ltd
Investor and Media Relations Adviser


Notes to editors

Kibo is a multi-asset resource development and energy company with a long-term goal 
of becoming a leading power producer in Sub-Saharan Africa.  The Company aims to 
tackle the acute power deficit which is severely hindering economic development in 
the region.     

Kibo’s flagship asset is the Mbeya Coal to Power Project (‘MCPP’) in Tanzania, which 
comprises the Mbeya Coal Mine, a 1.5Mt p/a mining operation, and the Mbeya Power 
Plant, a 300MW mine-mouth thermal power station.  The Mbeya Coal Mine has a defined 
120.8 Mt NI 43 101 thermal coal resource.  A Definitive Feasibility Study has been 
conducted on the project which underpinned its value and confirmed an initial rate 
of return of 69.2%.  The 300MW mouth-of-mine thermal power station has long term 
scalability with the potential to become a 1000MW plant. The completed full Power 
Feasibility Study highlighted a power output target of 1,800 GWh/a based on annual 
average coal consumption of 1.5Mt.  An Integrated Bankable Feasibility Study report 
for the entire project indicated total potential revenues of US$ 7.5-8.5 billion 
over an initial 25-year mine life, post tax equity IRR between 21-22%, debt pay-back 
period of 11-12 years and a construction period of 36 months.  

To assist in the execution of this critical power project of the MCPP, Kibo has 
assembled an international team of advisors and partners including Engineering 
Procurement and Construction (‘EPC’) contractors and financial teams that are 
assisting in the advancement and development of the MCPP.  These include ABSA/Barclays 
as Financial Advisor, China based EPC contractor SEPCO III, General Electric, 
Tractebel Engineering (Power), Minxcon Consulting (Mining) and legal advisors Norton 
Rose Fulbright.

Kibo also has an 85% interest in the Mabesekwa Coal Independent Power Project 
(‘MCIPP’), a nearly identical power project in Botswana.  The project consists of 
300Mt subset of the current in-situ 777Mt Coal Resource and has water and land use 
permits and environmental certification in place.  A Pre-Feasibility Study on the 
coal mine has been completed, as has a Scoping Study, which highlight the power 
plant having a maximum capacity of 600MW (4x150MW) based on a coal delivery rate of 
3.2Mtpa and a Life of Mine of over 30 years. 


Johannesburg
17 April 2018
Corporate and Designated Adviser
River Group





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