Kibo Mining completes review of feasibility study for Mbeya coal project
JOHANNESBURG – Kibo Mining on Friday announced that the review of the Power Definitive Feasibility Study (PDFS) had been completed successfully, clearing one more regulatory hurdle into the development 250 MW to 350 MW mouth-of-mine thermal power station, the Mbeya Coal To Power Project (MCPP), in south-western Tanzania.
The PDFS had been subject of a review process since it was completed late last month.
“The final and official PDFS report will be delivered to the company’s CEO on Monday, 2 May, during a scheduled project meeting with Tractebel Engineering,” Kibo said in a statement.
Kibo had contracted the global engineering consultancy Tractebel to conduct the DPFS.
Louis Coetzee, CE of Kibo Mining, said they were “extremely pleased” to have completed the PDFS on schedule and within budget.
“The PDFS constitutes the most important component of the MCPP and is the foundation for the MCPP’s entire business case. This milestone in the development of the MCPP is a critical achievement in advance of the financial close,” Coetzee said.
Kibo Mining, which is listed on the Aim market in London and the AltX in Johannesburg, is a Tanzania-focused mineral exploration and development company.
Through its subsidiary Rukwa Coal, Kibo Mining was granted three new prospecting licences in January to enhance the feasibility study surrounding in the block Mbeya coal deposit that contains 109-million tonnes.
The licences meant the company could test for extensions to the resource and satellite coal deposits, in addition to the existing deposit’s 48 km strike, of which only approximately 12 km has been delineated and stated to date.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation