KIBO MINING PLC - Wins GE Innovation Award for Power Project

Wins GE Innovation Award for Power Project

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”)


Date: 08 September 2017


                 Kibo Mining Plc (‘Kibo’ or the ‘Company’) 
                Wins GE Innovation Award for Power Project

Kibo Mining plc (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and 
development company, is pleased to announce the Company has won the Innovative Project 
Development Deal of the Year 2017 at the General Electric awards held in New York USA, 
on 7 September 2017.

Louis Coetzee, CEO of Kibo Mining, said: “We are thrilled to receive this recognition 
from General Electric Africa in relation to the Mbeya Coal to Power Project.  With 
innovation, we have been able to improve the economic viability of the Project, which 
is crucial to Tanzania’s energy dynamic. We are receiving strong endorsements from the 
corporate, financial and political arenas as we look to deliver an exceptional project 
for the benefit of all stakeholders.  Furthermore, we welcome the challenge to set the 
benchmark for innovation in the resource sector, which will not only benefit our 
Tanzanian power project but the industry more generally.”

**ENDS**

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

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

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

Hugo de Salis / Priit Piip
+44 (0) 207 236 1177
St Brides Partners Ltd
Investor and Media Relations Adviser


Notes to editors:

Kibo Mining is listed on the AIM market in London and the AltX in Johannesburg.  Kibo 
Mining is focused on exploration and development of mineral projects in Tanzania, and 
controls a large mineral rights portfolio in Tanzania. 

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 the Rukwa Coal to 
Power Project ("RCPP"), with an established management team that includes ABSA / Barclays 
as Financial Advisor. Kibo has completed a Coal Mining Definitive Feasibility Study and 
a Power Pre- Feasibility Study for the Mbeya project and has recently announced the 
completion of an Integrated Bankable Feasibility Study report for the project. On 25 
August 2016, Kibo signed an Agreement with China based EPC contractor SEPCO III 
granting it the right to become the sole bidder for the EPC contract to build the power 
plant component of the MCPP in exchange for SEPCO III refunding 50% of the development 
costs incurred by Kibo to date on the project. Kibo has already received the first 
tranche of this funding in the amount of US$1.8 million on the 5th September 2016 and 
signed an EPC contract with SEPCO III on the 19th December 2016.

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's projects are located in central Tanzania and in the Mtwara Corridor in 
southern Tanzania where the Government has prioritized infrastructural development 
attracting significant recent investment in coal and uranium. Kibo Mining 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. Kibo Mining recognizes the potential to enhance the 
quality of life and opportunity for Tanzanian citizens through careful development of 
its projects.

Johannesburg
08 September 2017
Corporate and Designated Adviser
River Group
























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