Accelerated Development of MCPP Gains Significant Momentum from Latest Follow-up Discussions with Tanzanian Stakeholders
14 June 2017
Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development Company, is pleased to announce that a series of meetings, held with the key Tanzanian stakeholders in the MCPP resulted in significant progress for the further development of the Project.
The recent request for an expedited development of the MCPP (See RNS of 01 June 2017) was followed by active interaction between all stakeholders in the MCPP, which culminated in a series of progress meetings held on the 12th and 13th June 2017. The following key points emanated from said meetings:
- A clear agenda and associated schedule has been agreed with relevant Government stakeholders to work on those specific development aspects of the MCPP that are dependent on negotiating, agreeing and concluding agreements/approvals with the Tanzanian Government;
- The Environmental and Social Impact Assessment (“ESIA”) submissions for the Mbeya coal mine and Mbeya Power station have been duly processed for certification, pending a final review and verification of recommendations, with the final review in an advanced stage of completion;
- The special mining licence (“SML”) application for the Mbeya coal mine has been processed in its entirety and is now awaiting final approval, pending environmental certification;
- Engagement with the Ministry of Energy and Minerals (“MEM”) on the latest developments in relation to possible further changes in mining policies and the Mining Act has reconfirmed that the Company’s operations are not affected by the current debate on mining policies and the Mining Act.