Sharenet Sites 
Sharenet Sites
Mbeya Coal to Power Project (“MCPP”) - Update
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: IE00B97C031
(“Kibo” or “the Company”)
22 August 2017
Mbeya Coal to Power Project (“MCPP”) - Update
Kibo Mining plc ("Kibo" or the "Company") (AIM: KIBO; AltX: KBO), the Tanzania focused
mineral exploration and development Company, is pleased to provide the following update
following the Company’s RNS dated 26 July 2017:
• An updated MOU, in reply to an official instruction by the Tanzanian Ministry of Energy
and Minerals (“MEM”), to the Company and TANESCO to prepare a final Memorandum
of Understanding that will govern the further development of the MCPP in general and the
Power Purchase Agreement (“PPA”) in particular, has been duly submitted as instructed.
A version of the MOU approved for execution is expected shortly, subject to any further
request(s) for clarification that may be received;
• The Company has progressed discussions with various internationally recognized
infrastructure investors that had formally expressed interest in an equity investment in the
MCPP. Formal negotiations with these groups will be undertaken over the coming weeks,
with the objective of working towards finalizing a comprehensive funding arrangement that
will satisfy the MCPP equity funding requirement; and
• The Company did not receive any further clarification requests from the Tanzania National
Environmental Management Council (“NEMC”) over the past weeks with regard to the
MCPP Environmental & Social Impact Assessment (“ESIA”) and final certification is
expected shortly
Louis Coetzee, CEO of Kibo Mining, said: “Over the past two months we have seen a significant
increase in momentum in all the MCPP work streams and from the above update it is clear that this
trend will continue for the foreseeable future. The Company has an extremely busy and exciting
period ahead of it”.
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 Beaufort Securities Broker
8300 Limited
Andrew Thomson +61 8 9480 2500 RFC Ambrian Nominated Adviser
Limited on AIM
Liz Morley / +44 (0) 203 772 Bell Pottinger Investor and Media
Molly Steward 2500 Relations
Kibo Mining - 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. 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 43-101compliant
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.
Updates on the Kibo Mining's activities are regularly posted on its website www.kibomining.com.
This announcement contains inside information as stipulated under the Market Abuse Regulations
(EU) no. 596/2014 ("MAR").
Johannesburg
22 August 2017
Corporate and Designated Adviser
River Group
Date: 22/08/2017 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
