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Kibo Mining kicks off accelerated PFS for Rukwa coal-to-power project

Last updated: 07:52 10 Nov 2014 GMT, First published: 08:52 10 Nov 2014 GMT

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Kibo Mining (LON:KIBO) said an accelerated pre-feasibility study is to kick off immediately on the Rukwa coal-to-power project (RCPP) in Tanzania.

The firm has appointed Aurecon to conduct the study, which the group said was a "very important milestone" as it marked the stage where feasibility work has progressed sufficiently to allow the integrated feasibility study, ie: mining and power, to continue concurrently.

The full -pre-feasibility study is to be completed by early December 2014 this year.

Chief executive of Kibo Louis Coetzee, said: "We are exceptionally pleased with the acceleration of this study and the appointment of Aurecon. 

"Following their appointment Aurecon undertook a review of historically gathered information and the comprehensive nature of the data available enabled them to commit to delivery of the full Prefeasibility Study in early December 2014.  

"This accelerated delivery matches our desire to progress the Rukwa Coal to Power project on an expeditious timetable and further supports the veracity and value of the project in the face of finalisation of discussions with strategic project partners."

Aurecon has a long South African and Sub-Saharan Africa presence and a track record in Tanzania. It has studied, designed, built, operated and maintained more than 60,000MW of projects predominantly in Australia, SE Asia and Africa.

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