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KIBO MINING PLC - Change of Auditors

Release Date: 31/12/2014 09:00
Code(s): KBO     PDF:  
Wrap Text
Change of Auditors

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: IE00B61XQX41
("Kibo" or "the Company")

Dated: 31  December 2014

Change of Auditors

Kibo Mining plc ("Kibo" or the "Company") (AIM: KIBO; AltX: KBO), the Tanzania focussed 
mineral exploration and development company, announces that it has appointed Saffery 
Champness  Chartered Accountants ("Saffery Champness") as its new company auditor with 
immediate  effect.  Saffery Champness is replacing LHM Casey McGrath who has served as 
company auditor since the Company's inception in 2008. 

Saffery Champness is part of the global accountancy group Nexia International. The Company 
believes that as part of an international group with a strong focus on Africa, Saffery Champness 
has the appropriate global reach and experience across the various jurisdictions in which Kibo 
conducts its business to provide auditor services on a consolidated basis to Kibo and its subsidiary 
companies as it moves toward development of its flagship coal (Rukwa Coal to Power project) and 
gold (Imweru) projects in particular. The consolidated service offering provided by Nexia 
International will also bring about a significant cost saving in annual audit fees for the Company.

Louis Coetzee, CEO of Kibo said: "We are very pleased with the appointment of Saffery 
Champness as company auditors with whom we already have a strong relationship. On behalf of 
the Kibo board, I would also like to thank LHM Casey McGrath who, in addition to its audit 
function, has provided strong support and advice to the Company during the last 6 years."

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
Abigail Wayne
+44 (0) 20 3693 1470
Hume Capital Securities Plc
Broker

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

Daniel Thšle
Lucinda Alderson
+44 (0) 203 772 2500
Bell Pottinger
Investor and Media Relations


Johannesburg
31 December 2014
Corporate and Designated Adviser
River Group



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