Kibo says not deterred by Tanzania Mining Act changes as MCPP progresses

June 14, 2017

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Dual-listed coal developer Kibo Mining on Wednesday said recent discussions with key stakeholders of its Mbeya coal-to-power project (MCPP), in Tanzania, have resulted in “significant progress” for the further development of the project. A recent request for an expedited development of the MCPP was followed by a series of meetings, held on June 12 and 13, where a clear agenda and associated schedule has been agreed with relevant government stakeholders to work on specific development aspects of the MCPP that are dependent on negotiating, agreeing and concluding agreements and approvals with the Tanzanian government.

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