Kibo Mining to extend exploration beyond Mbeya coal project

January 12, 2016

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Three new prospecting licences (PLs) have been issued to Tanzania-focussed Kibo Mining’s wholly-owned subsidiary Rukwa Coal, allowing the JSE-listed miner to extend exploration to tenements contiguous with its existing PL block, in southern Tanzania, which contains the 109-million-ton Mbeya coal mineral resource. The Mbeya resource underpinned the company’s Mbeya coal-to-power project (MCPP), currently in the final stages of a bankable feasibility study (BFS).