KIBO MINING PLC - Kibo Mining Plc Visit to China and attendance at OBOR summit in Beijing

Kibo Mining Plc Visit to China and attendance at OBOR summit in Beijing

Kibo Mining Plc (Incorporated in Ireland) 
(Registration Number: 51931)
(External registration number: 011/007371/10) 
Share code on the JSE Limited: KBO
Share code on the AIM: KIBO
ISIN: IE00B97C0C31
(“Kibo” or “the Company”)

Dated: 31 October 2017


                  Kibo Mining Plc (‘Kibo’ or the ‘Company’)
            Visit to China and attendance at OBOR summit in Beijing


Kibo Mining Plc (AIM: KIBO; AltX: KBO), the multi-asset resource, development and energy 
company focused on Tanzania, is pleased to announce that CEO Louis Coetzee will be 
presenting at the One Belt One Road (‘OBOR’) summit in Beijing this week, highlighting 
the critical energy situation in Southern Africa and the development of the Mbeya Coal to 
Power Project (‘MCPP’).  During the trip Louis will also meet with the Company’s Chinese 
development partners, SEPCO III, as well as GE in addition to visiting manufacturing 
facilities where it is envisaged some of the critical Mbeya Power Plant components will 
be manufactured. 
 
The OBOR summit brings together internationally recognised individuals, companies and 
organisations to discuss the future of industry and investment. The summit is intended to 
further the Chinese leadership’s ambition of developing beneficial investment and trade 
links with Africa, Asia and Europe.

Mr Coetzee, a South African national who has worked in Tanzania for the past 20 years, 
will be joining the ‘Developing Successful Power Projects in Africa’ panel to discuss how 
to best address the acute power shortage in Africa. Currently half of the population is 
without electricity on the African continent, severely hindering industrial growth.  The 
MCPP is set to be greatly beneficial to Tanzania, creating jobs as well as power for 
Tanzanian people. 

Last week the MCPP was awarded Environmental & Social Impact Assessment (‘ESIA’) 
certification from the Tanzanian government, enabling the further development of the 
nationally important power project.  Mr Coetzee will also meet with potential project 
funding partners to discuss gaining exposure to MCCP. 



**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 a multi-asset resource development and energy company focused on South West 
Tanzania, listed on London’s AIM market and the AltX in Johannesburg.  The Company’s flagship 
asset is the Mbeya Coal to Power Project (‘MCPP’), which comprises the development of the 
Mbeya Coal Mine, a 1.5Mt p/a mining operation and the Mbeya Power Plant, a 300 MW mine-mouth 
thermal power station.  

The Mbeya Coal Mine has a defined 120.8 Mt NI 43 101 thermal coal resource.   A Definitive 
Feasibility Study has been conducted on the project which underpins its value with an 
indicated IRR of 69.2%.    The 300 MW mouth-of-mine thermal power station has long term 
scalability to 1000MW, with a full Power Feasibility Study has been published highlighting 
an annual power output target of 1,8 GW based on annual average coal consumption of 1.5 Mt.  
An Integrated Bankable Feasibility Study report for the entire project indicated total 
revenues of US$ 7.5-8.5 billion over an initial 25-year mine life, post tax equity IRR 
between 21-22%, debt pay-back period of 11-12 years and a construction period of 36 months.  

To assist in the execution this critical power project of the MCPP, Kibo has assembled a 
team of international team of advisors and partners including Engineering Procurement and 
Construction (‘EPC’) contractors and financial teams that are assisting in the development 
of.  These include ABSA/Barclays as Financial Advisor, China based EPC contractor SEPCO III, 
General Electric, Tractebel Engineering (Power), Minxcon Consulting (Mining) and legal 
advisors Norton Rose Fulbright.

Kibo also holds the Haneti Project on which the latest technical report confirms prospectivity 
for nickel, PGMs, gold and strategic metals including lithium and Rare Earth Elements.

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.  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.  
Kibo Mining recognises the potential to enhance the quality of life and opportunity for 
Tanzanian citizens through careful development of its projects.


Johannesburg
31 October 2017
Corporate and Designated Adviser
River Group






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