Sign up UNITED KINGDOM
Proactive Investors - Run By Investors For Investors

Kibo receives government backing for Mbeya project

Kibo Mining has been asked to fast track its coal to power project in Tanzania after meeting with government representatives last week. Kibo chief executive Louis Coetzee met with Professor Sospeter Muhongo, Tanzania’s minister of energy and minerals, to discuss the progress of its Mbeya project.
Kibo receives government backing for Mbeya project
The Minister ask that Kibo did “everything possible” to fast track the project...

Kibo Mining (LON:KIBO) has been asked to fast track its coal to power project in Tanzania after meeting with government representatives last week.

Kibo chief executive Louis Coetzee met with Professor Sospeter Muhongo, Tanzania’s minister of energy and minerals, to discuss the progress of its Mbeya project.

Muhongo reiterated the country’s need for a reliable supply of base load power and requested that Kibo did “everything possible” to fast track the project.

The Mbeya project aims to achieve first phase production of 300MW by 2019.

“As progress on the overall feasibility work for the project continues at pace, it is highly encouraging to receive continued support from the Tanzanian government,” said Coetzee.

Share price fell 5.4% to 4.02p.

View full KIBO profile

Kibo Mining PLC Timeline

Article
March 14 2016
Newswire
February 08 2016

Related Articles

Glencore1.jpg
December 04 2015
Come February, Vast Resources will potentially have brought three mines into production in six months
Galileo---Gabbs.jpg
March 17 2016
Galileo Resources has gold in Nevada and copper in South Africa, and a management team with a track record of success
IMG_3006-(1)_opt.jpg
April 20 2016
Prices have picked up recently says the Devon-based miner

© Proactive Investors 2016

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.