Dated: 09 June 2015
Kibo Mining Plc (“Kibo” or the “Company”) (AIM:KIBO; JSE AltX: KBO), the Tanzania focused mineral exploration and development company, is pleased to announce that the Joint Development Agreement (“JDA”) recently signed between the Company and SEPCO III, has now been approved by the SEPCO III board of directors.
Highlights
- Joint Development Agreement approved by SEPCO III board of directors;
- Material conditions precedent in JDA satisfied;
- Definitive feasibility study on Mbeya Coal to Power Project (“MCPP”) on schedule;
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[ott_teaser btn_text=”Download” btn_icon=”icon-right-big” btn_url=”https://kibo.energy/wp-content/uploads/Final-RNS-RCPP-JDA-Update.pdf” btn_target=”_blank”]Mbeya Coal to Power Project1 – SEPCO III Board Approves Joint Development Agreement[/ott_teaser]