Yearly Archives : 2013

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Distribution of Shareholding by Major Shareholder

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; JSE: KBO), the mineral exploration and  development  company  focused  on coal, gold,  nickel,  and  uranium  projects  in  Tanzania, announces that its largest shareholder, Mzuri Capital Group Ltd (“MCG”) has advised that it has distributed its entire shareholding in the Company on an in specie basis to its 26 shareholders. As a result, MCG’s holding in the issued ordinary share capital of the Company has decreased from approximately 11.5% to 0%.

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Haneti Nickel and Imweru Gold Projects Update

Haneti
  • Soil sampling results provide infill coverage and better resolve anomalous nickel and nickel indicator element trends with nickel values up to 10,000 ppm (1%)
  • Recently mapped new ultramafic occurrences show similar anomalous soil geochemistry to main Haneti trend with nickel values up to 6,850 ppm
  • Confirmation of high coincidental nickel, PGMs and related elements at Mihanza Hill in outcrop including 10,000 ppm (1%) nickel, 0.5 ppm platinum and1.3 ppm palladium
  • Expanded geological database supports next phase of project, which will include drilling of initial targets
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Kibo Re-acquires 100% interest in Haneti Joint Venture

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; JSE AltX: KBO), the mineral exploration and development company focused on gold, nickel, coal and uranium projects in Tanzania, announces that it has moved back to having a 100% interest in the Haneti nickel-PGM project, after Votorantim Metaís Participações Ltda (Votorantim) opted out of the joint venture with Kibo, through which it was earning into the Haneti project by funding exploration work. Votorantim’s decision followed a strategic review of its Southern Africa exploration operations.

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Imweru Drilling Completed Ahead of Schedule

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the mineral exploration and development company focused on gold, nickel, coal and uranium projects in Tanzania, is pleased to announce it has completed the Imweru Drill programme in the Lake Victoria Region, Tanzania.

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Kibo Commences 3,000 metre Drill Programme at Imweru

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the mineral exploration and development company focused on gold, nickel, coal and uranium projects in Tanzania, is pleased to announce that it has commenced a 3,000 m drill programme at its Imweru project in northern Tanzania. The project is located in the gold prolific Lake Victoria Goldfield and is situated approximately 35 km west of and along strike of AngloGold Ashanti’s world class Geita deposits which have an estimated pre-mining gold endowment of ~ 23 M oz @ 4g/t.

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Kibo Issues of Shares for Cash

Kibo  Mining  plc  (“Kibo”  or  the  “Company”)  (AIM:  KIBO;  AltX:  KBO),  the  mineral exploration and development company focused on gold, nickel, coal and uranium projects in Tanzania, is pleased to announce that it has issued2 356 548 new ordinary shares of Eur0.015 (“Ordinary  Shares”)  at  5p  per  share  (the  “Placing  Shares”)  for  cash,  to  settle  all  currently outstanding creditors. With the issue of these shares the board is pleased to announce that the Company has no outstanding debt or creditors.

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Kibo Raises Further £500,000 in Secondary Placement

Kibo  Mining  plc  (“Kibo”  or  the  “Company”)  (AIM:  KIBO;  AltX:  KBO),  the  mineral exploration and development company focused on gold, nickel, coal and uranium projects in Tanzania, is pleased to announce that following further  significant institutional demand for the  Company’s shares it has raised an additional GBP500,000, before expenses, through the issue of  10,000,000  new  ordinary  shares  of  Eur0.015  (“Ordinary  Shares”)  at  5p  per  share  (the “Placing Shares”) via its UK broker, XCAP Securities plc.

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Haneti Joint Venture Project Update: First Laboratory Results

  • New Ni-PGM prospective ultramafic outcrops identified
  • Preliminary soil samples results confirm Mihanza and Mwaka as initial priority drill targets
  • Regional programme identified new ultramafic occurrences
  • Initial soil sampling programme completed ahead of schedule
  • Follow up soil sampling completed over new target areas identified from geological mapping
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Kibo raises £1,105,000 in Share Placing

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the mineral exploration and development company focused on gold, nickel, coal and uranium projects in Tanzania, is pleased to announce that it has received commitments to a share placing of 22,100,000 new ordinary shares of Eur0.015 in the capital of the Company with clients of Kibo’s UK Broker, XCAP Securities plc at a placing price of 5p per share (the “Placing Shares”) to raise gross proceeds of £1,105,000 before expenses (the “Placing”). The funds raised will be applied towards the Company’s exploration programmes in Tanzania and for general working capital purposes.

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Consolidated Lake Victoria Exploration Portfolio Includes Resource of 797 900 Ounces

Kibo Announces new Consolidated Lake Victoria Gold Exploration Portfolio which includes a Gold Resource of 797 900 Ounces

 

  • First phase consolidation of Lake Victoria Exploration Portfolio completed, encompassing relinquishment  of  less  prospective  areas  and  opportunistic  acquisition  of  selected  new project areas with significant known mineralized structures.
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Change in UK Broking Arrangements

Kibo Mining Plc (the “Company”) wishes to advise that Northland Capital Partners Limited (“Northland”)  will  no  longer  act  as  joint  broker  to the  Company  effective  immediately. XCAP  Securities  plc  is now   the  Company’s  sole  corporate  broker  under  AIM  Rules.  The Company wishes to thank Northland for the assistance it has provided the Company over the last 14 months.

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MOU Signed with Korean East West Power

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO), (JSE: KBO), the Tanzania focused mineral exploration and development company, is pleased to announce that it has signed a Memorandum of Understanding (MOU) with Korean East-West Power Co. Ltd (“EWP”) on the Rukwa Coal to Power Project.

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Kibo Mining plc Annual Report, AGM Date and Director Resignations

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO), (JSE: KBO), the Tanzania focused mineral exploration and development company, is pleased to announce that its AGM will be held in the Conrad Hotel, Earlsfort Terrace, St Stephen’s Green, Dublin 2 on Wednesday 31 July 2013 at 2 p.m. A notice of AGM was included on the Annual Report which has been posted to shareholders and is now also available on the Company’s website.

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Kibo Mining plc – Projects Update

  • Scoping study about to commence on the Rukwa Coal Project to establish economic and technical parameters for the proposed coal to power project with continued support from the Tanzanian Government
  • Field team mobilising to Haneti funded by JV partner Votorantim
  • Rationalisation of grass-roots exploration ground to focus on priority target areas and reduce licence fees
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Kibo Mining plc – Issue of shares for Cash

Kibo  Mining  plc  (“Kibo”  or  the  “Company”)  announces that  pursuant  to  the  previously announced standby equity distribution agreement (“SEDA”) dated 14 August 2012 between the  Company  and  YA  Global  Master  SPV  Ltd  (“YA  Global”)  the  Company  has  issued 1,067,174 ordinary shares of €0.015 each in the capital of the Company (the “Shares”) at an issue price of 5.073p to YA Global. These Shares are being issued under the terms of a loan and special advance under the SEDA established by aLetter of Agreement dated 2nd April 2013.

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Korean Power Company To Participate in Rukwa Coal to Power Project & Placing for £780,000

Korean Government Owned Power Company To Participate in Kibo’s Rukwa Coal to Power Project & Placing for £780,000

The board of Kibo Mining Plc (“Kibo” or the “Company”) is pleased to report that, pursuant to the decision by the Tanzanian Government to include the Company’s Rukwa Coal to Power Project as a key component of the Tanzanian National Energy Strategy (“NES”), it has now concluded its selection of Korean East-West Power Co. Ltd (“EWP”) as the preferred strategic participant in the Rukwa Coal to Power Project and negotiations are currently under way towards finalizing a formal joint venture agreement between the parties.

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Kibo commences work at Haneti Nickel with Votorantim

Kibo commences with work program on Haneti Nickel JV with Brazilian major Votorantim

All conditions precedent for Kibo’s joint venture agreement with major Brazilian industrial conglomerate Votorantim Metaís Participações Ltda for the further exploration of its Haneti Nickel Project have been fulfilled.

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Finweek (Leading South African Business Magazine) report on Rukwa Coal to Power project

For all the problems attached to Eskom these days, thermal coal supply to the utility is still considered a good business proposition. That’s a view partly based on the fact that Eskom is willing to pay better prices than in the past for thermal coal supplied to it owing to the competition provided by offshore buyers, such as the Indian utilities.

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Kibo EGM Results 22 March 2013 RNS

Results of EGM and Capital Reorganisation Details

Kibo Mining plc (AIM: KIBO), (JSE: KBO) (“Kibo” or the “Company”), the Tanzania focused mineral exploration and development company, is pleased to announce that all resolutions at its Extraordinary General Meeting held today were approved by shareholders.

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Kibo EGM Results 22 March 2013 SENS

Results of EGM and Capital Reorganisation Details

Kibo Mining plc (AIM: KIBO), (JSE: KBO) (“Kibo” or the “Company”), the Tanzania focused mineral exploration and development company, is pleased to announce that all resolutions at its Extraordinary General Meeting held today were approved by shareholders.

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Kibo Mining plc – Capital Reorganisation and Issue of Equity

Kibo Mining plc (AIM: KIBO), (JSE: KBO) (“Kibo” or the “Company”), the Tanzania focused mineral exploration and development company, is pleased to announce:

1) The raising of gross proceeds of €160,994 through the placing of 16,099,466 new ordinary shares in the Company (“Shares”) at a placing price of €0.01 per share, together with 16,099,466 free attached warrants to subscribe for one further share in the Company at a price of €0.01 any time on or before 11 February 2014 (“Warrants”) (the “Placing”);

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Kibo Mining plc – Appointment of XCAP as new joint Corporate Broker

Kibo Mining plc (AIM: KIBO), (JSE: KBO), the Tanzania focused mineral exploration and development company, is pleased to announce the appointment of XCAP Securities plc (“XCAP”) as the Company’s new joint Corporate Broker, with immediate effect. XCAP will not only fulfil the role as joint broker but will also act lead broker for as long as Kibo maintains a joint broker status.

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Kibo Mining plc – Invitation from Tanzanian Government to present Rukwa Power Project Details

The board of Kibo Mining Plc (the “Company”) wishes to advise that it has received a formal invitation dated 13 February 2013 from the Ministryof Energy and Minerals (“MEM”) to present and discuss details pertaining to its Rukwa Coal toPower Project. The presentation will take place on 22 February 2013 and will also be attended by the Tanzanian Electricity Supply Commission
(“TANESCO”).

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Kibo Mining plc – Change in UK Broking Arrangements

Kibo Mining Plc (the “Company”) wishes to advise that in order to simplify its UK broking arrangements, Northland Capital Partners Limited (“Northland”) will act as sole UK broker to the Company forthwith. Cornhill Capital Limited (“Cornhill”), will no longer be retained as a joint broker alongside Northland. The Company wishes to thank Cornhill for the assistance it has provided the Company over the last 2 years.

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Kibo Mining plc – Retirement of Director

Kibo Mining plc advises that Mr Des Burke will retire as a Director of the Company on the 31 st January 2013. Mr Burke has informed the Company that his decision coincides with his retirement plans from the mining industry in order to pursue other interests.

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Kibo Mining plc – Issue of Shares

Further to its release on 9 January 2013, Kibo Mining Plc (the “Company”) is pleased to advise that it has issued 120,833,333 new ordinary shares to replace the same number of shares that were borrowed from its major shareholder, Mzuri Capital Group Ltd in order to facilitate a share placement.

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Kibo Mining plc – Kibo raises £725,000 of working capital

Kibo Mining plc (“Kibo” or the “Company”)  is pleased to announce  that  it has  completed  a placing  of  120,833,333  ordinary  shares  in  the  capital  of  the  Company  (the  “Shares”)  with clients  of  Kibo’s  UK  Broker,  Northland  Capital  Partners  Ltd.  at  a  placing  price  of  0.6p  to raise gross proceeds of £725,000  (the “Placing”). The funds raised will be applied towards the  Company’s  exploration  programs  in Tanzania, to  investigate  further  joint  venture opportunities and for general working capital purposes.

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AIM Share Price
(Ticker: KIBO)
5.25p Change +0.12p
at 9:31am on 28 Jul 2017

JSE Share Price
(Ticker: KBO)
72.00c Change 0.00c
at 10:31am on 28 Jul 2017

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