Kibo Mining plc Annual Report, AGM Date and Director Resignations

Kibo Mining plc Annual Report, AGM Date and Director Resignations

2014-06-18T20:06:10+00:00July 8th, 2013|

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.

Kibo also announces that Mr. Cecil Bond and Mr. Bernard Poznanski have informed the Company that they will not be offering themselves for re-election to the Board at the forthcoming AGM and shall be retiring from the Board with effect from the date of the AGM. Both gentlemen were appointed to the Board following the Company’s acquisition of Mzuri Energy Limited and Mayborn Resource Investments (Pty) Limited in 2012, in order to facilitate the smooth integration of these two companies into the Kibo group. Cecil & Bernard have provided invaluable guidance and assistance during their brief directorships of the Company in ensuring this has been a smooth integration. The Board wishes to thank them sincerely for their contribution and wishes them well in the future.

Contacts:
Louis Coetzee +27 (0)83 2606126 Kibo Mining plc Chief Executive Officer
Andreas Lianos +27 (0)83 4408365 River Group Corporate Adviser and Designated Adviser on JSE
Jon Belliss +44 (0) 20 3216 2630 XCAP Joint Broker
Stuart Laing +61 8 94802500 RFC Ambrian Limited Nominated Adviser on AIM
Matt Beale +44 (0)7966 389 196 Fortbridge Investor Relations

 

General Background & Strategy

Kibo was established in early 2008 to explore and develop mineral deposits in Tanzania, East Africa and was admitted to AIM in London on 27 April 2010 and AltX in Johannesburg on 30 May 2011. The Board of Kibo is composed of professionals whose experience include mineral exploration, mine development, mining finance, tax, law, mergers and acquisitions, and financial control of public companies. It is supported by a competent and motivated Tanzanian staff that operates from Kibo’s operations office in Dar es Salaam.

The mineral assets of the Company comprise five projects areas in Tanzania – Haneti (nickel, PGE and gold), Morogoro (Gold), Lake Victoria (Gold), Rukwa (Coal) and Pinewood (Coal & Uranium).

The Haneti project is the subject of a joint venture with Brazilian Votorantim Metais Participações Ltda, a member of Votorantim Group. The Rukwa and Pinewood projects are situated close to the Mtwara Corridor, an area where the Tanzanian Government has committed to significant infrastructure development and which has seen recent multi-million dollar investment in coal and coal-fired power stations and uranium exploration.

The Rukwa project is substantially more advanced than Kibo’s existing exploration projects, with a significant Mineral Resource of thermal coal already defined. The project enjoys strong support expressed by the Tanzanian Government for the expedited development of a coal mine and mine-mouth coal-fired power plant.

Kibo’s objective is to build shareholder value in a sustainable manner. This objective will be pursued primarily through active exploration of its own projects and by using the Company’s experience in Tanzania to acquire attractive exploration and development assets on competitive terms that can be moved swiftly up the value curve by using the Company’s own skills base whilst also seeking to benefit from strategic collaborative relationships with industry leaders who have special skills and competencies within their chosen fields of focus. Kibo will undertake continual risk assessment of its projects and take whatever actions it believes are necessary to ensure that these risks are mitigated.

Johannesburg
8 July 2013
River Group

Corporate and Designated Adviser
River Group

[ott_teaser btn_text=”Download” btn_icon=”icon-right-big” btn_url=”http://kibo.energy/wp-content/uploads/Draft-RNS-Final-Re-AGM-Date.pdf” btn_target=”_blank”]Kibo Mining plc Annual Report, AGM Date and Director Resignations[/ott_teaser]

AIM Share Price
(Ticker: KIBO)
1.02p Change +0.04p
at close on 14 Jun 2019

JSE Share Price
(Ticker: KBO)
32.00c Change +0.00c
at close on 12 Jun 2019

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