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 View Profile

Kibo Mining PLC Timeline

Related Articles

picture of Chinese flag and gold
February 09 2017
Wishbone has supply agreements with miners based in Peru, Ghana, Chile and Colombia.
european-lithium-lithium-sample-757.jpg
November 07 2016
Steve Kesler, CEO, commented: "These results confirm the Wolfsberg deposit to have high grade pegmatite veins."
picture of gold pour
June 30 2017
Ironridge thinks its portfolio, which sits on the prolific Wa-Lawra shear in the north-east of the country, has “company making potential”.

© Proactive Investors 2017

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.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use