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.
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.
- 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
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.
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.
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.