Yearly Archives : 2016

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Share Issue

21 December 2016

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development Company, has today elected to make a first drawdown under the terms of the forward payment facility provided by Sanderson Capital Partners Limited (“Sanderson”) (the “Facility”), the details of which were announced in the Company’s RNS earlier today.

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Kibo Mining Agrees Term Sheet with Sanderson Capital Partners

21 December 2016

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development Company, is pleased to announce it has entered into a binding term sheet (the “Term Sheet”) with Sanderson Capital Partners Limited (“Sanderson”) for a new USD2,940,000 forward payment facility (the “Facility”).

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Issue of Kibo Shares to Geological Service Provider from Treasury Account

9th December 2016

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development Company has today issued 218,221 Ordinary Shares (the “Fee Shares”) in the capital of the Company to G&T Exploration Services Ltd (“G&T”) from a Company held forfeited share treasury account (“Treasury Account”).

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Kibo Signs Collaboration Agreement with GE Electric International Inc.

21 November 2016

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development Company is pleased to announce that it has signed a Collaboration Agreement (the “Agreement”) with General Electric International Inc (“GE”), with respect to the development of the Mbeya Coal to Power Project (“MCPP” or “the Project”).

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Kibo Receives Final Commercial Bids for the Mbeya Coal to Power Project

01 November 2016

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development Company, is pleased to announce that the final commercial bids for the Mbeya Coal to Power Project (“MCPP”) EPC contract and OEM contract were received on 31 October 2016. The Company has also submitted its mining right application for the Mbeya Coal Mine.

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Kibo Signs Heads of Agreement with Opera Investments

23 September 2016 Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development Company is pleased to announce that it has signed a Heads of Agreement (the “HoA”) with LSE Main Market listed Opera Investment PLC (“Opera”) (Kibo and Opera together the “parties”)
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Kibo Signs Memorandum of Understanding with GE International Inc.

16 September 2016 Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development Company is pleased to announce that it has signed a Memorandum of Understanding (“MOU”) with General Electric International Inc (“GE”), with respect to the development of the Mbeya Coal to Power Project (“MCPP”
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Transfer of Kibo Shares to Sanderson from Company’s Treasury Account

8th September 2016

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development Company has today issued 2,712,477 Ordinary Shares (the “Conversion Shares”) in the capital of the Company to Sanderson Capital Partners Limited (“Sanderson”) from a Company held forfeited share treasury account (“Treasury Account”).

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Kibo Announces Re-Negotiated Terms for Settling Sanderson Loan Facility

1 September 2016

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development Company is pleased to announce that it has re-negotiated terms for the payback of the loan facility (the “Facility”) of GBP1,500,000 provided to the Company by Sanderson Capital Partners Limited (“Sanderson”), the details of which were announced in the Company’s RNS of 3 March 2016. Under the existing terms of the Facility, Kibo was required to pay back the loan in either cash or ordinary shares in Kibo, by 31 August 2016.

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Kibo Signs New Agreement with SEPCO III

25 August 2016

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development Company, is pleased to announce that it has signed a new Agreement (the “Agreement”) with major international China based EPC contractor, SEPCO III.

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Kibo Signs Letter of Engagement with global law firm Norton Rose Fulbright

17 August 2016

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development Company is pleased to announce that it has signed an Engagement Letter (the “Letter”) with global law firm Norton Rose Fulbright to provide it with legal services in regard to the development of its Mbeya Coal to Power Project in Tanzania.

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Share Issue

10 August 2016 Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development Company has today elected to make the fifth drawdown of the loan facility (the “Facility”) provided to the Company by Sanderson Capital Partners Limited (“Sanderson”), the details of which were
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MCPP and Imweru Gold Project Interim Update

03 August 2016

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development Company provides an interim update on progress at the Company’s Mbeya Coal to Power Project (“MCPP”) and the Imweru gold project.

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Kibo Reaches Net Smelter Royalty Agreement with Acacia at Imweru and Lubando

22 July 2016

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development company, is pleased to announce it has reached an agreement (“the Agreement”) with Acacia Mining plc, (“Acacia”) for the conversion of Acacia’s residual equity interests in the Imweru and Lubando Projects to a 2% Net Smelter Royalty (“NSR”). The Agreement was signed between Reef Miners Limited, Kibo’s wholly owned Tanzanian subsidiary which holds the Imweru and Lubando project licences, and ABG Exploration Limited, Acacia’s Tanzanian subsidiary which holds the equity interests in the licences.

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Results of Annual General Meeting

21 July 2016

Shareholders are advised that the Annual General Meeting of Kibo Mining plc (“Kibo”) held today was attended in person and by proxy by shareholders holding approximately 6.6% of the shares in Kibo (354,632,316 issued and outstanding).

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MCPP: O&M Expression of Interest for Mbeya Power Plant

20 July 2016

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development Company is pleased to announce another milestone in the progress of the Mbeya Coal to Power Project (“MCPP”) following the finalization of an Expression of Interest process, focused on developing the Operations and Maintenance (O&M) Agreement for the Mbeya Power Plant.

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Imweru Gold Project Update

05 July 2016

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development Company provides a further update to its announcement on June 2 on the Memorandum of Understanding (“MOU”) signed with Lake Victoria Gold LTD (“Lake Victoria”) to consolidate the companies’ respective Imweru and Imwelo gold projects.

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Share Issue

1 July 2016

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development Company has today elected to make the fourth drawdown of the loan facility (the “Facility”) provided to the Company by Sanderson Capital Partners Limited (“Sanderson”), the details of which were announced in the Company’s RNS of 03 March 2016.

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Mbeya Coal to Power Project Update

21 June 2016

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focussed mineral exploration and development company is pleased to update shareholders on the latest progress with regard to the main work streams on the Mbeya Coal to Power Project (“MCPP”) Integrated Bankable Feasibility Study (“IBFS”).

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Notice of AGM and Condensed Consolidated Annual Financial Statement of for the year ended 31 December 2015

14 June 2016

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 its full audited financial results for the year ended 31 December 2015 are now available on its website as part of its 2015 Annual Report and can be accessed on the following link Kibo Mining 2015 Annual Report (“2015 Annual Report”) on the Kibo Mining website. The 2015 Annual Report, which also contains the Company’s Notice of AGM, is in the process of being printed and will be mailed to shareholders on or before the 21th of June 2016.

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Mbeya Coal to Power Project Commences with Formal EPC Bid Process for Mbeya Power Plant and Mbeya Coal Mine

03 June 2016

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focussed mineral exploration and development company is pleased to announce that feasibility work on the Mbeya Coal to Power Project (“MCPP”) has now advanced to a level where the Company can commence with the formal EPC-bid process for both the Mbeya Power Plant and the Mbeya Coal Mine.

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Kibo Signs MOU with Lake Victoria Gold LTD to Fast Track Development of the Imweru Gold Project

02 June 2016

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development Company is pleased to announce that it has signed a Memorandum of Understanding (“MOU”) with Lake Victoria Gold LTD (“Lake Victoria”) to consolidate the companies’ respective Imweru and Imwelo gold projects.

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Share Issue

31 May 2016

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development Company has today issued 433,835 new Ordinary Kibo shares of €0.015 par value each in the capital of the Company (the “Settlement Shares”) to service providers in settlement of invoices. 321,457 of the Settlement Shares were issued at 3.733 per share to RFC Ambrian for corporate advisory fees to the Company in the amount of £12,000. The remaining 112,378 were issued at 4.5p per share for project management services to a service provider in Tanzania in the amount of £5,057. Application will be made for the Settlement Shares to be admitted to trading on AIM and the JSE AltX markets. Trading in the Shares is expected to commence on AIM and the JSE on or around 3rd June 2016 (“Admission”). On completion of Admission the Company will have  353,446,270 shares in issue.

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Share Issue

20 May 2016

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development Company has today elected to make the third drawdown of the loan facility (the “Facility”) provided to the Company by Sanderson Capital Partners Limited (“Sanderson”), the details of which were announced on the Company’s RNS of 03 March 2016.

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Mbeya Coal to Power Project Successfully Completes Phase 1 of Environmental and Social Impact Study

19 May 2016 

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development company is pleased to announce that Phase 1 of the Mbeya Coal to Power Project (“MCPP”) Environmental and Social Impact Assessment (“ESIA”) was successfully completed upon receiving notice from the Tanzanian Government that the ESIA studies for the Mbeya Coal Mine and Mbeya Power Plant have both been accepted and officially registered.

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Results for Power Definitive Feasibility Study – Mbeya Coal to Power Project

04 May 2016

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focussed mineral exploration and development company is pleased to announce results from the Power Definitive Feasibility Study (“PDFS”) for the Mbeya Coal to Power Project (“MCPP”). This announcement should be read in conjunction with previous RNS statements dated 18 and 30 December 2014 reporting on the completed Power Definitive Pre-Feasibility Study, as well as the most recent announcement dated 29 April 2016.

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Share Issue

12 April 2016

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development Company has today elected to make the second drawdown of the loan facility (the “Facility”) provided to the Company by Sanderson Capital Partners Limited (“Sanderson”), the details of which were announced on the Company’s RNS of 03 March 2016.

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Mbeya Coal to Power Project (MCPP): Restatement of the Mbeya Coal Resource Completed

11 April 2016

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focussed mineral exploration and development company, is pleased to announce that the restatement of the Mbeya coal resource has now been completed. This represents another key milestone as the MCPP approaches the final stages of its development ahead of Financial Close.

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Mbeya Coal to Power Project: Definitive Power Feasibility Study Work Completed

01 April 2016  Mbeya Coal to Power Project: Definitive Power Feasibility Study Work Completed Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focussed mineral exploration and development company is pleased to announce that the Mbeya Coal to Power Project (“MCPP”), Definitive Power Feasibility Study (“DPFS”) work has
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Updated Company Presentation and Web integration of MCPP Process Graphic

24 March 2016

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development company is pleased to inform shareholders that it has uploaded an updated company presentation to its website. It has now also fully web integrated its previously announced interactive process description and timeline for the Mbeya Coal to Power Project (“MCPP”) to make it more user-friendly for navigation.

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Mbeya Coal to Power Project: Response to Market Speculation

04 March 2016

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development company, notes recent speculation relating to the Company’s announcements released this week (RNSs dated 2nd and 3rd March 2016) regarding the Mbeya Coal to Power Project (“MCPP” or “the Project”).

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Share Issue

03 March 2016

 Share Issue

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development Company has today elected to activate the loan facility (the “Facility”) recently provided to the Company by Sanderson Capital Partners Limited (“Sanderson”), the details of which were announced on the Company’s RNS of 03 March 2016.

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Kibo Mining Agrees Unsecured, Interest Free Loan Facility of £1, 500,000 Ensuring Adequate Funding Security In The Medium Term

  02 March 2016

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development Company is pleased to announce it has today entered into a loan facility (the “Facility”) with Sanderson Capital Partners Limited (“Sanderson”) for an amount up to £1,500,000 to be utilised by Kibo, at its sole discretion and election, for contingency funding, during the term of the Facility.

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Mbeya Coal to Power Project: Special Analysis Test Results Provides Further Impetus to Definitive Feasibility Study

17 February 2016 

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focussed mineral exploration and development company is pleased to announce the special analysis (specific metallurgical tests) test results on the Mbeya coal resource of the Mbeya Coal to Power Project (“MCPP”).

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Share Issue

29 January 2016

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focussed mineral exploration and development Company has today issued 9,000,000 Ordinary Shares (the “Shares”) of €0.015 each in the capital of the Company at a price of 4.7p to Sanderson Capital Partners Limited (“Sanderson”) for a total value of £423,000.

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Kibo Receives Proceeds from Hume Placing and Secures New Favorable Settlement Terms in Re-Negotiated Sanderson Loan Agreement

28 January 2016

Kibo Mining Plc (“Kibo” or the “Company”) (AIM:KIBO; JSE AltX: KBO), the Tanzania focused mineral exploration and development company, is pleased to announce that the Company has now received the amount of £522, 800 from the delayed receipt of final proceeds from its February 2015 placing with Hume Capital Securities plc (“Hume Capital”).

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Mbeya Definitive Mining Feasibility Study: Results from Geotechnical Drill Programme Received

20 January 2016

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focussed mineral exploration and development company, is pleased to announce the results from Phase 1 of Stage 2 of the Mbeya Definitive Mining Feasibility Study (MDMFS). This is a critical work stream of the final stage of the broader Mbeya Coal to Power Project (MCPP), Mining Feasibility Study.

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Mbeya Coal to Power Project – Kibo consolidates Mbeya Coal Deposit

13 January 2016

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focussed mineral exploration and development company, is pleased to announce that three new Prospecting Licences (“PLs”) were issued to its wholly owned subsidiary Rukwa Coal Limited. These newly issued PLs are contiguous with its existing PL block in southern Tanzania that contains the 109 million tonne Mbeya Coal Mineral Resource (the “Resource”). The Resource underpins the Company’s Mbeya Coal to Power Project (“MCPP”), currently in the final stages of a Bankable Feasibility Study (“BFS”).

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MCPP – Finalizing Memorandum of Understanding with TANESCO on Power Purchase Agreement

11 January 2016

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focussed mineral exploration and development company, is pleased to announce that it is busy finalizing a Memorandum of Understanding (“MOU”) with Tanzania Electric Supply Company Limited (“TANESCO”), on a Power Purchase Agreement (“PPA”) for the Mbeya Coal to Power Project (“MCPP”).

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AIM Share Price
(Ticker: KIBO)
5.25p Change +0.12p
at 9:30am on 28 Jul 2017

JSE Share Price
(Ticker: KBO)
72.00c Change 0.00c
at 10:30am on 28 Jul 2017

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