Sign up UNITED KINGDOM
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.

Jamie_55a91591db06b.jpg
Why Invest In Kibo Mining PLC? Read More Here

Register here to be notified of future KIBO Company articles
View full KIBO profile

Kibo Mining PLC Timeline

Related Articles

shutterstock_16417633.jpg
March 22 2016
Last year, the company produced 126,000 tonnes of rutile and 37,600 tonnes of ilmenite
IMG_3006-(1)_opt.jpg
April 20 2016
Prices have picked up recently says the Devon-based miner
Rolled-copper.jpg
May 31 2016
Galileo Resources has a sizeable footprint on a copper-rich region of South Africa, and is now pressing ahead towards a resource

© 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.