Kibo Mining recrafts Mbeya project agreement with SEPCO III
25th Aug 2016 11:49
(ShareCast News) - Kibo Mining has recrafted its agreement with SEPCO III for the construction of the Mbeya Coal to Power Project (MCPP) in Tanzania. SEPCO III would refund Kibo 50% of the development costs incurred, starting with US$1.8mln by 30 August. In return, it would acquire the right to be t
Read moreKibo Mining consolidates assets with Lake Victoria Gold
10th Aug 2016 16:31
(ShareCast News) - Tanzania-focused mineral exploration and development company Kibo Mining announced on Wednesday that it has signed a share purchase agreement, to effect the consolidation of the Imweru and Imwelo gold projects. The AIM-traded firm said that under the agreement, Sloane Investments
Read moreKibo Mining makes solid progress at Mbeya and Imweru
3rd Aug 2016 11:09
(ShareCast News) - Tanzania focused mineral exploration and development company Kibo Mining posted an interim update on progress at its Mbeya Coal to Power Project and the Imweru gold project on Wednesday. The AIM and JSE-traded firm said work on the MCPP is continuing at pace, with all attention an
Read moreKibo Mining welcomes Mbeya feasibility study
8th Jul 2016 12:05
(ShareCast News) - Kibo Mining's shares rose almost 7% as it said a mining feasibility study for the Mbeya Coal Mine in Tanzania confirmed it as a robust project in every aspect. It said results from the study correlated accurately with those of the mining pre-feasibility study from August 2015. Th
Read moreKibo Mining notes minor delay in gold projects' amalgamation
5th Jul 2016 12:27
(ShareCast News) - Kibo Mining said it expects the consolidation of its and Lake Victoria Gold Ltd's respective Imweru and Imwelo gold projects will be delayed by a further two weeks. The delay from 30 June had resulted from a minor unforeseen delay in completing compliance and legal work on the
Read moreKibo Mining making progress at Mbeya
21st Jun 2016 13:05
(ShareCast News) - Tanzania-focused mineral exploration and development company Kibo Mining updated the market on its progress at the Mbeya Coal to Power Project on Tuesday. The AIM-traded firm said the Definitive Power Feasibility Study was complete, and the report was reviewed and delivered in May
Read moreKibo Mining says Hume Capital funds will be recovered after court ruling
26th Aug 2015 11:24
(ShareCast News) - Tanzania-focused Kibo Mining said that following a court order, it will get back most of the placing money held in the accounts of bankrupt stockbroker Hume Capital. The mineral exploration and development company said that substantially all of the £526,000 which had been paid int
Read moreKibo Mining making progress across the board in Q4
30th Dec 2014 09:15
Tanzania-focused resources group Kibo Mining made "extensive business progress" over the final quarter of 2014 as it continues to develop a number of projects. The Rukwa Coal-to-Power Project (RCPP), which has been Kibo's "primary focus" this year, has now seen reports completed for its coal mining
Read moreKibo Mining gets £150,000 investment from Metal Tiger
4th Dec 2014 15:55
Tanzania-focused Kibo Mining has received £150,000 from investor Metal Tiger for 10m shares in the coal-to-power project developer. The deal will result in Metal Tiger owning 3.67% of Kibo's shares. Kibo's chief executive Louis Coetzee said: "Whilst the company has achieved a stable cash position,
Read moreKibo Mining sees better-than-expected returns from Tanzanian coal scheme
1st Dec 2014 11:14
Kibo Mining has flagged up better-than-expected potential returns from a coal project in Tanzania, boosting its shares. Kibo said a report had shown that the anticipated deliverable margin per tonne and overall estimated profitability of the coal mining element of its Rukwa Coal-to-Power project wer
Read moreMetal Tiger enters joint venture with Kibo Mining
21st Nov 2014 13:57
Natural resources investing company Metal Tiger has become a significant shareholder in Kibo Mining through a £150,000 equity investment. Metal Tiger reported on Friday that it has entered into a 50/50 joint venture with Kibo on its uranium-prospective portfolio in Tanzania. Moreover, Metal Tiger h
Read moreKibo Mining re-takes 100 per cent of Tanzanian nickel scheme
5th Dec 2013 16:50
Tanzania-focused Kibo Mining has re-taken full ownership of a nickel project after its joint venture partner scheme pulled out. Kibo, which has gold, nickel, coal and uranium projects, said it had moved back to having a 100% stake in the Haneti nickel-PGM project after Votorantim Metaís Participaçõ
Read moreKibo Mining raises funds for Tanzania projects
30th Aug 2013 10:57
Kibo Mining's shares fell after the mineral exploration and development company said it raised over 1.1m pounds in fundraising for projects in Tanzania. The group, focused on gold, nickel, coal and uranium projects, raised the funds through the placement of 22.10m ordinary shares. Proceeds will b
Read moreShares in Kibo Mining rocket on MOU with EWP
18th Jul 2013 13:12
Shares in Kibo Mining soared following news it has struck a memorandum of understanding (MoU) with Korean state-owned East-West Power (EWP) for the Rukwa coal project in Southern Tanzania. The two companies intend to jointly develop a 300-350 megawatt mouth-of-mine thermal coal plant at the Rukwa c
Read moreTanzanian govt declares support for Kibo Mining's Rukwa project
11th Mar 2013 11:31
Shares in AIM-listed Kibo Mining rose after the Tanzanian Ministry of Energy and Minerals informed the company that its Rukwa Coal to Power Project would be included as a strategic component of the government's National Energy Strategy with immediate effect. The company reported that the Ministry o
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