Name and Location
Rukwa coal-to-power project (RCPP), Tanzania.

Client
Kibo Mining.

Project Description
The project comprises two prospecting licences and two prospecting licence applications in south-western Tanzania, just south of Lake Rukwa.

The Rukwa Development Programme (RDP) will be implemented to accelerate the development of the project. Stage 1 of the RDP comprises the completion of a bankable feasibility study on the coal mine and a prefeasibility study (PFS) on the power plant by December 2014.

Stage 2 will comprise all development and construction activities relevant to the mine and the power plant, with Stage 3 encompassing the commissioning and operation of the Rukwa coal mine and the Rukwa power station.

Net Present Value/Internal Rate of Return
Not stated.

Value
Not stated.

Duration
Not stated.

Latest Developments
The definitive mining feasibility study for Tanzania-focused mineral exploration and development company Kibo Mining’s RCPP has determined that its expected deliverable margin per tonne and overall estimated profitability is likely to be higher than initially expected.

The report has, therefore, further enhanced the project’s robustness and the attractiveness of the coal mining operation.

"We are delighted to receive this, the first of three crucial reports, which will tangibly demonstrate to the market the value of the company's assets. We have held firm to our belief that the RCPP is a unique and highly valuable asset,” CEO Louis Coetzee says.

Kibo is also undertaking a power PFS for the RCPP mine-mouth power station. This report is progressing very well and is also expected to be received shortly and is on schedule.

Further, the preliminary economic assessment with respect to Kibo’s Imweru gold project, in Tanzania, is also progressing well and will be delivered on schedule.

Key Contracts and Suppliers
Standard Bank (financial adviser).

On Budget and on Time?
Not stated.

Contact Details for Project Information
Kibo Mining, tel +353 91 865367, fax +353 91 755066 or email info@kibomining.com.