KIBO MINING PLC - Kibo Signs Collaboration Agreement with GE Electric International Inc.

Kibo Signs Collaboration Agreement with GE Electric International Inc.

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")

21 November 2016

Kibo Signs Collaboration Agreement with GE Electric International Inc.

Kibo Mining plc ("Kibo" or the "Company") (AIM: KIBO; AltX: KBO), the Tanzania focused 
mineral exploration and development Company is pleased to announce that it has signed a 
Collaboration Agreement (the "Agreement") with General Electric International Inc ("GE"), with 
respect to the development of the Mbeya Coal to Power Project ("MCPP" or "the Project"). The 
Agreement follows the Memorandum of Understanding ("MOU") announced on the 16th September 
2016 and sets out in detail the terms and conditions of said collaboration into a binding agreement.

The Agreement provides for GE and its affiliate companies ("GE Group") to supply equipment, 
technology and services to the MCPP power plant, in addition to assisting and co-operating with 
Kibo to implement the Project. 

Louis Coetzee, CEO of Kibo Mining, said: "We are extremely pleased that we have now finalized 
this Agreement with GE and cemented our relationship in a binding document. Since signing the 
MOU the Company and GE have collaborated closely on progressing development work on the 
MCPP, from which the Project has benefitted greatly. As one of the largest and technologically 
advanced international companies, we are looking forward to growing this relationship. By 
working closely with GE, we will benefit from their experience and reputation and this will 
expedite the remaining work required to reach successful financial close on the MCPP."

George Njenga, GE's Steam Power Systems Sales Executive for Africa, said: "GE is delighted to 
partner with Kibo for the Mbeya power project. We offer the best in class power generation 
technology and services that employ GE Digital and Environmental Control Solutions making 
our steam plants smarter and cleaner to meet today's and tomorrow's power needs for our 
customers."

About General Electric Company ("GE")
      
GE (NYSE: GE) is the world's Digital Industrial Company, transforming industry with software-
defined machines and solutions that are connected, responsive and predictive. GE is organized 
around a global exchange of knowledge, the "GE Store," through which each business shares and 
accesses the same technology, markets, structure and intellect. Each invention further fuels 
innovation and application across industrial sectors. With people, services, technology and scale, GE 
delivers better outcomes for customers by speaking the language of industry.

GE Power is a world leader in power generation with deep domain expertise to help customers 
deliver electricity from a wide spectrum of fuel sources. GE is transforming the electricity industry 
with the digital power plant, the world's largest and most efficient gas turbine, full balance of plant, 
upgrade and service solutions as well as data-leveraging software. GE's innovative technologies and 
digital offerings help make power more affordable, reliable, accessible and sustainable. 

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 3828300
Beaufort Securities Limited
Broker

Oliver Morse
+61 8 9480 2500
RFC Ambrian Limited
Nominated Adviser on AIM

Liz Morley / 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 Rukwa Coal to Power Project ("RCPP"), 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 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

The Company also has extensive gold focused interests including Lake Victoria Goldfields and 
Morogoro projects. At Lake Victoria, the Company has 100% owned projects with a 550,000 oz. JORC 
compliant gold Mineral Resource at the Imweru Project and a 168,000 oz. NI 43-101 compliant gold 
Mineral Resource at the Lubando Project. 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
21 November 2016
Corporate and Designated Adviser 
River Group




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