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Mbeya Coal to Power Project: Tanzania International Forum for Investments
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")
Mbeya Coal to Power Project: Tanzania International Forum for Investments
Kibo Mining plc ("Kibo" or the "Company") (AIM: KIBO; AltX: KBO), the Tanzania focussed
mineral exploration and development company will be attending the Tanzania International Forum
for Investments in Dar Es Salaam on 25 September 2016, originally scheduled for 12 July 2016.
Participating in the Energy and Power Session, Louis Coetzee will be speaking alongside Frederick
Shindika, CEO of Serenity Investment Partners, Eng. Felichesmi Mramba Managing Director of
TANESCO and Eng. Boniface Njombe, General Manager of Tanzania Geothermal Development
Company.
Louis Coetzee, CEO of Kibo Mining said: "The energy gap in Tanzania continues to hinder efforts
towards economic transformation. Kibo's Mbeya Coal to Power Project is a critical project in the
government's plans to close this power deficit, which is key to Tanzania's future growth.
Rapid progress at the project continues as we work towards first production in 2019. Strong results
from the Definitive Power Feasibility Study and Definitive Mining Feasibility Study have confirmed
the robust fundamentals of the project. We are now in the final stages of the Integrated Bankable
Feasibility Study and are working closely with the Tanzania government to finalise the already
approved MOU with TANESCO."
Contacts
Louis Coetzee
+27 (0) 83 2606126
Kibo Mining plc
Chief Executive Officer
Andreas Lianos
+27 (0) 83 4408365
River Group
Corporate Adviser and Designated Adviser on JSE
Jon Belliss
+44 (0) 207 382 8300
Beaufort Securities Limited
Broker
Oliver Morse
+61 8 9480 2500
RFC Ambrian Limited
Nominated Adviser on AIM
Daniel Thole / Anna Legge
+44 (0) 203 772 2500
Bell Pottinger
Investor and Media Relations
Kibo Mining - Notes to editors
Kibo Mining is listed on the AIM market in London and the AltX in Johannesburg. The Company is
focused on exploration and development of mineral projects in Tanzania, and controls one of
Tanzania's largest mineral right portfolios. Tanzania provides a secure and stable operating
environment for the mineral resource industry and Kibo Mining therein.
Kibo Mining holds a thermal coal deposit at Mbeya, which has a significant NI 43-101 compliant
defined resource, and is developing a 250-350 MW mouth-of-mine thermal power station, the
Mbeya Coal to Power Project ("MCPP"), previously called Mbeya Coal to Power Project
("MCPP"), with an established management team that includes Standard Bank as Financial
Advisor. Kibo is undertaking a Coal Mining Definitive Feasibility Study and a Power Pre-
Feasibility Study for the Mbeya project with an integrated Bankable Feasibility Study report for the
MCPP to be released in the near term. On 20th April 2015, Kibo signed a Joint Development
Agreement for the completion of the Definitive Feasibility Studies and development of the MCPP
with China based EPC contractor SEPCO III.
The Company also has extensive gold focused interests including Lake Victoria Goldfields and
Morogoro projects. At Lake Victoria, the Company has projects with a 550,000 oz. JORC
compliant gold Mineral Resource at Imweru Project and a 168,000 oz. NI 43-101 compliant gold
Mineral Resource at the Lubando Project in which the Company holds a 90% attributable interest.
The Company is currently undertaking a Definitive Feasibility Study on its Imweru Project.
Kibo also holds the Haneti Project on which the latest technical report confirms prospectivity for
nickel, PGMs, gold and strategic metals including lithium.
Kibo Mining further holds the Pinewood (coal & uranium) project where the company has entered
into a 50/50 Exploration Joint Venture with Metal Tiger plc.
Finally, the Company also holds the Morogoro (gold) project where the company has also entered
into a 50/50 Exploration Joint Venture with Metal Tiger plc.
The Company's projects are located in the established and gold prolific Lake Victoria Goldfields,
the emerging goldfields of eastern Tanzania and the Mtwara Corridor in southern Tanzania where
the Government has prioritized infrastructural development attracting significant recent investment
in coal and uranium. The Company has a positive working relationship with the Tanzanian
government at local, regional and national levels and works hard to maintain positive relationships
with all communities where company interests are held. The Company recognizes the potential to
enhance the quality of life and opportunity for Tanzanian citizens through careful development of
its projects.
Updates on the Company's activities are regularly posted on its website www.kibomining.com
Johannesburg
08 July 2016
Corporate and Designated Adviser
River Group
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