{"id":5425,"date":"2015-10-12T07:23:07","date_gmt":"2015-10-12T07:23:07","guid":{"rendered":"https:\/\/kibo.energy\/?p=5425"},"modified":"2015-10-12T07:26:39","modified_gmt":"2015-10-12T07:26:39","slug":"mbeya-definitive-mining-feasibility-study-optimized-project-financials","status":"publish","type":"post","link":"https:\/\/kibo.energy\/index.php\/mbeya-definitive-mining-feasibility-study-optimized-project-financials\/","title":{"rendered":"Mbeya Definitive Mining Feasibility Study \u2013 Optimized Project Financials"},"content":{"rendered":"<h5>12 October 2015<\/h5>\n<p>Kibo Mining plc (&#8220;Kibo&#8221; or the &#8220;Company&#8221;) (AIM: KIBO; AltX: KBO), the Tanzania focussed mineral exploration and development company, is pleased to announce significantly improved financials for the Mbeya Coal to Power Project\u2019s (\u201cMCPP\u201d) coal mine component.<\/p>\n<p><!--more--><\/p>\n<p><strong>Key highlights<\/strong><\/p>\n<p>The Company and its advisers Minxcon Projects have now completed a financial optimization study for the MCPP coal mine, based on feasibility results received to date.<\/p>\n<p>The impact of optimal gearing for the MCPP coal mine was tested on the surface miner contractor option with the following key results:<\/p>\n<ul>\n<li>All-in cost margin ranges from 47.9% to 48.1%. Applying the aforementioned all-in cost margin, Kibo interprets that annual earnings before interest and tax (\u201cEBIT\u201d) of between US$ 23.5 million to US$ 23.6 million will be generated;<\/li>\n<\/ul>\n<ul>\n<li>Applying a real discount rate of 5.51%, the best estimated Net Present Value (\u201cNPV\u201d) of free cash flow to equity ranges between US$ 214 million and US$ 219 million;<\/li>\n<\/ul>\n<ul>\n<li>Equity IRR (leveraged) range between 131% and 146%, with a Project IRR of 54%;<\/li>\n<\/ul>\n<ul>\n<li>Cash return on capital invested ranging between 726% and 732%; and<\/li>\n<li>Project Payback Period before loan of 2.6 years<\/li>\n<\/ul>\n<h5>Download Full Report<\/h5>\n<p>[ott_teaser btn_text=&#8221;Download&#8221; btn_icon=&#8221;icon-right-big&#8221; btn_url=&#8221;https:\/\/kibo.energy\/wp-content\/uploads\/Final-RNS-Rukwa-DMFS-Update-12102015.pdf&#8221; btn_target=&#8221;_blank&#8221;]Mbeya Definitive Mining Feasibility Study \u2013 Optimized Project Financials[\/ott_teaser]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>12 October 2015 Kibo Mining plc (&#8220;Kibo&#8221; or the &#8220;Company&#8221;) (AIM: KIBO; AltX: KBO), the Tanzania focussed mineral exploration and development company, is pleased to announce significantly improved financials for the Mbeya Coal to Power Project\u2019s (\u201cMCPP\u201d) coal mine component.<\/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-5425","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\/5425","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=5425"}],"version-history":[{"count":3,"href":"https:\/\/kibo.energy\/index.php\/wp-json\/wp\/v2\/posts\/5425\/revisions"}],"predecessor-version":[{"id":5428,"href":"https:\/\/kibo.energy\/index.php\/wp-json\/wp\/v2\/posts\/5425\/revisions\/5428"}],"wp:attachment":[{"href":"https:\/\/kibo.energy\/index.php\/wp-json\/wp\/v2\/media?parent=5425"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kibo.energy\/index.php\/wp-json\/wp\/v2\/categories?post=5425"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kibo.energy\/index.php\/wp-json\/wp\/v2\/tags?post=5425"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}