Visit to China and attendance at OBOR summit in Beijing
31 October 2017
Kibo Mining Plc (AIM: KIBO; AltX: KBO), the multi-asset resource, development and energy company focused on Tanzania, is pleased to announce that CEO Louis Coetzee will be presenting at the One Belt One Road (‘OBOR’) summit in Beijing this week, highlighting the critical energy situation in Southern Africa and the development of the Mbeya Coal to Power Project (‘MCPP’).
During the trip Louis will also meet with the Company’s Chinese development partners, SEPCO III, as well as GE in addition to visiting manufacturing facilities where it is envisaged some of the critical Mbeya Power Plant components will be manufactured.
The OBOR summit brings together internationally recognised individuals, companies and organisations to discuss the future of industry and investment. The summit is intended to further the Chinese leadership’s ambition of developing beneficial investment and trade links with Africa, Asia and Europe.
Mr Coetzee, a South African national who has worked in Tanzania for the past 20 years, will be joining the ‘Developing Successful Power Projects in Africa’ panel to discuss how to best address the acute power shortage in Africa. Currently half of the population is without electricity on the African continent, severely hindering industrial growth. The MCPP is set to be greatly beneficial to Tanzania, creating jobs as well as power for Tanzanian people.
Last week the MCPP was awarded Environmental & Social Impact Assessment (‘ESIA’) certification from the Tanzanian government, enabling the further development of the nationally important power project. Mr Coetzee will also meet with potential project funding partners to discuss gaining exposure to MCCP.