Africa-focussed energy and resource company Kibo Mining confirmed on Tuesday that it has received commitments to raise £1.5m before expenses via a placing of 28,571,428 ordinary shares, at a placing price of 5.25p per share.
Africa focused resource developer and explorer Kibo Mining announced on Tuesday that it has acquired an 85% interest in the Mabasekwa Coal Independent Power Project (MCIPP).
AIM-listed Kibo Mining said on Tuesday that it has received commitments to raise £750,000 before expenses through a placing of 17.6m shares at 4.25p each.
Coal exploration and development firm Kibo Mining announced on Wednesday that it had signed a memorandum of understanding with the Tanzania Electric Supply Company (TANESCO) that would see the latter purchase power from the former's 300MW Mbeya coal-to-power project in the African nation.
Kibo Mining today announced that it has agreed with the Tanzanian government to update the existing Memorandum of Understanding for the power purchase agreement (PPA) linked to the Mbeya Coal to Power Project (MCPP).
The CEO of Kibo Mining, Louis Coetzee, is expected to present at the One Belt Road [OBOR] summit in Beijing this week, the multi-asset resource, development and energy company announced on Tuesday, to highlight the critical energy situation in Southern Africa and the development of the Tanzania-based Mbeya Coal to Power Project.
The Tanzanian government has awarded the Environmental and Social Impact Assessment (ESIA) certificate to both the Mbeya Coal Project and the Mbeya Power Generation Project (MCPP), Kibo Mining announced on Friday.
The Tanzanian focused mineral exploration and development company Kibo Mining has announced that all subscribers to the convertible loan notes that it had issued on 27 September 2017 have now elected to convert the notes to Kibo shares.
Tanzania-focussed mineral exploration and development company Kibo Mining announced on Monday that it has made "considerable progress" in both securing project financing and progressing the power purchase agreement with Tanzania's sole energy provider, Tanzania Electric Supply Company, in relation to its "advanced" Mbeya Coal to Power Project.
In an effort to pep up shareholders after a 16% share price fall so far this year, Tanzanian focused Kibo Mining trumpeted its success in winning the 'Innovative Project Development Deal of the Year' award at GE's annual award show held in New York City overnight.
Kibo Mining noted Tanzinia-focused Katoro Gold's statement that development work on the Imweru gold project has officially begun.
AIM-listed Kibo Mining's progress on the finalising its coal project in Tanzania has been slower than expected, although the mineral explorer remains satisfied overall with meeting its strategic objectives.
Tanzania-focussed mineral exploration and development company Kibo Mining announced on Monday that its CEO had officially unveiled and handed over two newly built classrooms to the Regional Commissioner of Songwe, Tanzania, on 3 March.
Tanzania-focussed mineral exploration and development company Kibo Mining announced on Friday that it reached agreement with its joint venture partner Metal Tiger to cease activities at the Pinewood and Morogoro joint ventures with immediate effect, and relinquish the licences back to the local authorities.
Tanzania-focussed mineral exploration and development company Kibo Mining announced on Wednesday that all work for the environmental and social impact assessment had been completed, and that the company was now awaiting certification.
Kibo Mining has reassured investors that the sacking of the head of Tanzania's state owned electricity company does not affect the company's Mbeya coal to power project.
Kibo Mining, a Tanzania-focused mineral exploration and development company, has entered into a collaboration agreement with General Electric International (GE) to help with the development of the Mbeya coal power project.
Tanzania-focused mineral exploration and development company Kibo Mining announced on Thursday that it has re-negotiated terms for the payback of a £1.5m loan facility provided by Sanderson Capital Partners in March.
Kibo Mining has recrafted its agreement with SEPCO III for the construction of the Mbeya Coal to Power Project (MCPP) in Tanzania.
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.