Kibo Mining Public Limited Company is a public company registered in Ireland (company number 451931). Its registered office is Kibo Mining plc, 27 Hatch Street Lower, Dublin 2, Ireland. Kibo was established in early 2008 to explore and develop mineral deposits in Tanzania, East Africa and was admitted to the Alternative Investment Market (AIM) of the London Stock Exchange on 27 April 2010 and on the AltX board of the JSE on the 30th May 2011. To faciliate a major corporate acquisition in 2012, the Company was suspended on AIM for a three month period during May to early August and was re-admitted on the 15 August 2012.
The Board of Kibo is composed of highly experienced professionals spanning mineral exploration, mine development, mining finance and financial control of public companies. It is supported by well trained and highly motivated Tanzanian staff who operate from Kibo’s exploration offices in Dar es Salaam and Mwanza.
The assets of the Company are the Rukwa coal project, a JORC-compliant 109 million tonne thermal coal resource and an extensive portfolio of early stage exploration projects at Haneti (Nickel -Platinum-Gold), Morogoro (Gold),Lake Victoria (Gold) and Pinewood (Uranium).
The Company's objective is to enhance shareholder wealth through acquisition, exploration and development of mineral assets in Tanzania. This objective will be pursued primarily through active exploration on its current projects and by using the Company's experience in Tanzania to acquire further quality mineral projects on competitive terms that can be quickly evaluated and taken to the next stage of development. The Company will undertake continual risk assessment of its projects and take whatever actions it believes are neccessary to ensure that these risks are mitigated.