{"id":4301,"date":"2013-08-01T14:55:18","date_gmt":"2013-08-01T14:55:18","guid":{"rendered":"https:\/\/kibo.energy\/?p=4301"},"modified":"2014-06-18T20:03:13","modified_gmt":"2014-06-18T20:03:13","slug":"change-in-uk-broking-arrangements","status":"publish","type":"post","link":"https:\/\/kibo.energy\/index.php\/change-in-uk-broking-arrangements\/","title":{"rendered":"Change in UK Broking Arrangements"},"content":{"rendered":"

Kibo Mining Plc (the “Company”) wishes to advise that Northland Capital Partners Limited (\u201cNorthland\u201d)\u00a0 will\u00a0 no\u00a0 longer\u00a0 act\u00a0 as\u00a0 joint\u00a0 broker\u00a0 to the\u00a0 Company\u00a0 effective\u00a0 immediately. XCAP\u00a0 Securities\u00a0 plc\u00a0 is now\u00a0\u00a0 the\u00a0 Company\u2019s\u00a0 sole\u00a0 corporate\u00a0 broker\u00a0 under\u00a0 AIM\u00a0 Rules.\u00a0 The Company wishes to thank Northland for the assistance it has provided the Company over the last 14 months.<\/p>\n

Contacts:<\/h5>\n\n\n\n\n\n\n\n
Louis Coetzee<\/td>\n+27 (0)83 2606126<\/td>\nKibo Mining plc<\/td>\nChief Executive Officer<\/td>\n<\/tr>\n
Andreas Lianos<\/td>\n+27 (0)83 4408365<\/td>\nRiver Group<\/td>\nCorporate Adviser and Designated Adviser on JSE<\/td>\n<\/tr>\n
Jon Belliss<\/td>\n+44 (0) 20 3216 2630<\/td>\nHume<\/td>\nBroker<\/td>\n<\/tr>\n
Stuart Laing<\/td>\n+61 8 94802500<\/td>\nRFC Ambrian Limited<\/td>\nNominated Adviser on AIM<\/td>\n<\/tr>\n
Matt Beale<\/td>\n+44 (0)7966 389 196<\/td>\nFortbridge<\/td>\nInvestor Relations<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

General Background & Strategy<\/h5>\n

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.<\/p>\n

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).<\/p>\n

The Haneti project is the subject of a joint venture with Brazilian Votorantim Metais Participa\u00e7\u00f5es 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.<\/p>\n

The Rukwa project is substantially more advanced than Kibo\u2019s existing exploration projects, with\u00a0 a\u00a0 significant\u00a0 Mineral\u00a0 Resource\u00a0 of\u00a0 thermal\u00a0 coal already\u00a0 defined.\u00a0 The\u00a0 project\u00a0 enjoys strong support expressed by the Tanzanian Government for the expedited development of a coal mine and mine-mouth coal-fired power plant and which is further enhanced by the now formal relationship between the Korean Government owned Korean East \u2013 West Power Co. Ltd.\u00a0 (\u201cEWP\u201d)\u00a0\u00a0 and\u00a0 Kibo.\u00a0 In\u00a0 this\u00a0 relationship\u00a0 the\u00a0 parties\u00a0 have\u00a0 entered\u00a0 into\u00a0 a\u00a0 formal\u00a0 MOU which\u00a0 states\u00a0 the\u00a0 parties\u2019\u00a0 respective\u00a0 commitments\u00a0 towards\u00a0 the\u00a0 joint\u00a0 development\u00a0 of\u00a0 the Rukwa Coal to Power Project (\u201cRCPP\u201d), where EWP will be responsible for developing and operating the power generation side of the RCPP and Kibo will be responsible for developing and operating the mining side of the RCPP.<\/p>\n

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\u2019s 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.<\/p>\n

Johannesburg
\n1 August 2013<\/p>\n

River Group<\/p>\n

Corporate and Designated Adviser
\nRiver Group<\/p>\n

[ott_teaser btn_text=”Download” btn_icon=”icon-right-big” btn_url=”https:\/\/kibo.energy\/wp-content\/uploads\/Kibo-SENS-170713-MOU-Signed-with-Korea-East-West-Power.pdf” btn_target=”_blank”]MOU Signed with Korean East West Power[\/ott_teaser]<\/p>\n","protected":false},"excerpt":{"rendered":"

Kibo Mining Plc (the “Company”) wishes to advise that Northland Capital Partners Limited (\u201cNorthland\u201d)\u00a0 will\u00a0 no\u00a0 longer\u00a0 act\u00a0 as\u00a0 joint\u00a0 broker\u00a0 to the\u00a0 Company\u00a0 effective\u00a0 immediately. XCAP\u00a0 Securities\u00a0 plc\u00a0 is now\u00a0\u00a0 the\u00a0 Company\u2019s\u00a0 sole\u00a0 corporate\u00a0 broker\u00a0 under\u00a0 AIM\u00a0 Rules.\u00a0 The Company wishes to thank Northland for the assistance it has provided the Company over the<\/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-4301","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\/4301","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=4301"}],"version-history":[{"count":1,"href":"https:\/\/kibo.energy\/index.php\/wp-json\/wp\/v2\/posts\/4301\/revisions"}],"predecessor-version":[{"id":4303,"href":"https:\/\/kibo.energy\/index.php\/wp-json\/wp\/v2\/posts\/4301\/revisions\/4303"}],"wp:attachment":[{"href":"https:\/\/kibo.energy\/index.php\/wp-json\/wp\/v2\/media?parent=4301"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kibo.energy\/index.php\/wp-json\/wp\/v2\/categories?post=4301"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kibo.energy\/index.php\/wp-json\/wp\/v2\/tags?post=4301"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}