Kibo Mining plc (\u201cKibo\u201d or the \u201cCompany\u201d) (AIM, KIBO: JSE, KBO) the mineral exploration and development company focused on gold and nickel projects in Tanzania, released the following report on Friday 27 May 2011 to the JSE Limited (\u201cJSE\u201d), as required under the rules of the JSE.<\/p>\n
KIBO MINING PLC<\/strong> The JSE Limited (“JSE”) has formally approved the secondary listing of Kibo on the AltX, a separate Board of the JSE, from the commencement of trade on 30 May 2011. The shares will trade under the abbreviated name “KIBO”, with share code “KBO” and ISIN: IE00B61XQX41. The shares of the Company are currently listed on AIM.<\/p>\n 2.1 Incorporation and history of Kibo<\/strong> Kibo has two wholly-owned subsidiaries, Sloane which is based in the UK and Morogoro, which is based in Cyprus. Sloane and Morogoro hold the Group’s mineral resource assets in Tanzania through their wholly-owned Tanzanian subsidiaries.<\/p>\n 2.2 The Kibo Group structure described above is set out below: Kibo identifies and evaluates potential mineral exploration and mining projects principally located in Tanzania. The Group’s current focus is the identification of gold and nickel deposits. Kibo has moved forward the exploration and potential development plans of its current projects and established a position wherein it can become a major player in the ongoing exploration and development of mineral deposits in Tanzania. Kibo’s focus on Tanzania is primarily based upon the Board’s recognition and appreciation of Tanzania’s stable geopolitical environment, established legal system and mining legislation. The Board also considers that Tanzania has an established mining industry, mining being one of the fastest growing economic sectors in Tanzania.<\/p>\n Please refer to Annexure 6 to the Pre-listing Statement for a detailed Competent Persons Report and for details regarding the current property portfolio of the Group, the licenses owned by the Group and an explanation of the licenses owned by the Group including a detailed valuation report thereon.<\/p>\n [ott_teaser btn_text=”Download” btn_icon=”icon-right-big” btn_url=”https:\/\/kibo.energy\/wp-content\/uploads\/RNS-Announcement-Kibo-JSE-Listing-abridged-PLS-dated-270511.pdf” btn_target=”_blank”]Kibo JSE Listing abridged Pre Listing Statement[\/ott_teaser]<\/p>\n","protected":false},"excerpt":{"rendered":" Kibo Mining plc (\u201cKibo\u201d or the \u201cCompany\u201d) (AIM, KIBO: JSE, KBO) the mineral exploration and development company focused on gold and nickel projects in Tanzania, released the following report on Friday 27 May 2011 to the JSE Limited (\u201cJSE\u201d), as required under the rules of the JSE.<\/p>\n","protected":false},"author":31,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[47],"tags":[],"class_list":["post-3983","post","type-post","status-publish","format-standard","hentry","category-news"],"modified_by":null,"_links":{"self":[{"href":"https:\/\/kibo.energy\/index.php\/wp-json\/wp\/v2\/posts\/3983","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kibo.energy\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kibo.energy\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kibo.energy\/index.php\/wp-json\/wp\/v2\/users\/31"}],"replies":[{"embeddable":true,"href":"https:\/\/kibo.energy\/index.php\/wp-json\/wp\/v2\/comments?post=3983"}],"version-history":[{"count":5,"href":"https:\/\/kibo.energy\/index.php\/wp-json\/wp\/v2\/posts\/3983\/revisions"}],"predecessor-version":[{"id":3989,"href":"https:\/\/kibo.energy\/index.php\/wp-json\/wp\/v2\/posts\/3983\/revisions\/3989"}],"wp:attachment":[{"href":"https:\/\/kibo.energy\/index.php\/wp-json\/wp\/v2\/media?parent=3983"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kibo.energy\/index.php\/wp-json\/wp\/v2\/categories?post=3983"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kibo.energy\/index.php\/wp-json\/wp\/v2\/tags?post=3983"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n(Incorporated in Ireland)
\n(Registration number 451931)
\n(External registration number 2011\/007371\/10)
\nShare code on the JSE Limited: KBO
\nShare code on the AIM: KIBO
\nISIN: IE00B61XQX41
\n(“Kibo” or “the Company” or “the Group”)<\/p>\n1. INTRODUCTION<\/h5>\n
2. INCORPORATION HISTORY AND GROUP STRUCTURE OF KIBO<\/h5>\n
\nKibo Mining plc, a mineral exploration and development company, was incorporated in Ireland on 17 January 2008 under the Companies Acts, 1963 to 2000, as a public company limited by shares with the name Kibo Mining Public Limited Company. The Company was admitted to the AIM Market of the London Stock Exchange plc on 27 April 2010.<\/p>\n
\nSEE PRESS FOR GRAPH<\/strong><\/p>\n3. NATURE OF BUSINESS<\/h5>\n
Download full report:<\/h5>\n