Proactive Investors - Run By Investors For Investors

Kibo Mining assures investors Mbeya project is ‘on track’

A ‘process clarification and timeline’ will soon be shared with investors, and it will give more insight into the complexities and workflow interdependencies of the project.
Kibo Mining assures investors Mbeya project is ‘on track’
Kibo shares rallied 7.4%.

Kibo Mining (LON:KIBO) has issued a stock market statement to reassure investors that the Mbeya Coal to Power Project (MCPP) remains ‘on track’.

“The company would like to reassure shareholders that timelines related to the project remain on track, specifically in relation to the timely delivery of the definitive feasibility studies (DFS) on the power and mining elements of the MCPP and the MCPP Integrated Bankable Feasibility that will follow completion of the DFS,” it said.

The AIM quoted mine developer said it is currently working on a process clarification and timeline, to be shared via its website, which will give investors ‘clear understanding and outline of the current and future status of the MCPP’.

It added: “This will provide more insight into the complexity and various workflow interdependencies within the process and the timeline will enable shareholders to visualise and follow progress at the project.”

On AIM, Kibo Mining shares advanced 7.4% to 3.62p.

View full KIBO profile View Profile

Kibo Mining PLC Timeline

Related Articles

March 07 2018
The Kwale mine in Kenya is now a major player in the ilmenite, rutile and zircon markets
picture of aeroengine
December 11 2017
“Nothing electronic would turn in the world if it wasn’t for tantalum.” It is, he says, “a very, very important product.”
March 12 2018
A total of 1.57mln pounds of U3O8 were recovered by the company, of which 624,000 pounds were for the company's own account

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

© Proactive Investors 2018

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