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
Kibo has started Phase 2, Stage 1 of the definitive mining feasibility study for its flagship RCPP.

This follows the confirmation by Minxcon Projects’ technical experts of the conclusion of the Phase 1, Stage 1 part of the process and the completion of the required planning and preparation, including the first scheduled work activities of the mining prefeasibility study.

Kibo will now increase the “intensity” of the discussions and negotiations as it seeks a joint-development partner.

“The company has secured several final proposals from potential partners. We hope to have a further detailed update for the market shortly,” says Kibo CEO Louis Coetzee.

The next stage of the project will include definitive feasibility studies on the coal mine and power plant, along with any associated environmental assessments and advanced financial modelling for the integrated RCPP.

Kibo will progress to secure power purchase and grid connection agreements, in addition to all related permits and rights with Tanzania Electric Supply and other government departments and agencies.

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.