United States

Kibo Mining PLC (KIBO.L)

KIBO.L on London Stock Exchange

24 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Kibo Mining signs advisory engagement letter with Absa Bank Limited and Barclays Bank Limited
Thursday, 22 Sep 2016 02:42am EDT 

Kibo Mining Plc : Has signed an advisory engagement letter with Absa Bank Limited / Barclays Bank Limited laying out scope of work and terms under which it will act as new financial advisor to co on mbeya coal to power project .Scope of work in mandate requires advisor to assist in delivering project to a successful financial close.  Full Article

Kibo Mining PLC raises 1,500,000 in share placing
Tuesday, 21 Apr 2015 08:00am EDT 

Kibo Mining PLC:Has received commitments to share placing of 25,000,000 new ordinary shares of 0.015 Euro in capital of Company with clients of Kibo's UK Broker, Beaufort Securities Ltd, at placing price of 6 pence per share.To raise gross proceeds of 1,500,000 Pound before expenses.  Full Article

Kibo Mining PLC signs Joint Development Agreement
Monday, 20 Apr 2015 02:00am EDT 

Kibo Mining PLC:Company signed a Joint Development Agreement (JDA) in respect of the Rukwa Coal to Power Project (RCPP).Under the agreement Kibo is also able to further release value in the SPV by part disposal of its interest.This will generate cash which can, if required, be used to fund any ongoing RCPP cost contribution, allowing the project to be operationally self-financing for Kibo.Financial Close for RCPP expected by Dec 2015, with construction mobilisation commencing during Quarter 1 of 2016.Construction work expected to commence in Quarter 2 of 2016, with completion and first power delivered into the grid, expected by Quarter 1 2019.This agreement aligns the Kibo team with the technical capability of Sepco III, ensuring the finalisation of feasibility work and the ultimate design, construction and delivery of the RCPP will be undertaken in accordance with world class standards.  Full Article

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BRIEF-Kibo Mining says GE to supply equipment for Tanzania coal mine

* Kibo signs collaboration agreement with GE Electric International Inc

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