Kibo Mining - Definitive Agreement with Lake Victoria Gold Ltd
KIBO
Wed, 10 Aug 2016, 12:10pm BST
Kibo Energy PLC is a multi-asset, Africa – focused energy company positioned to address the acute power deficit that currently significantly impedes economic growth in Sub-Saharan Africa.
Kibo is developing three thermal power projects: the Mbeya Coal to Power Project in Tanzania; the Mabesekwa Coal Independent Power Project in Botswana; and the Benga Independent Power Project in Mozambique. By developing these projects in parallel the Company intends to leverage considerable economies of scale and timing as well as utilising its existing stakeholder relationships – technical, financial and governmental – to efficiently expedite project development.
Industry: Basic Materials
Contact: +35391865367
Galway The Sirius Centre, Northpoint, Tuam Road,uk
http://kibo.energy
Kibo Mining, the Tanzania focused mineral exploration and development Company, announces that it has signed a Share Purchase Agreement to effect the consolidation of the Imweru and Imwelo gold projects. The Agreement follows the Memorandum of Understanding signed between Kibo and Lake Victoria Gold which was announced on 2 June 2016 and completion of legal and technical due diligence for the proposed consolidation.
