Kibo Mining unfazed by management restructuring at Tanzanian Electric Supply Company

Kibo Mining has said that it was not fazed by the ongoing changes and restructuring at the Tanzanian Electric Supply Company (Tanesco) which were seen as threatening to its Mbeya Coal to Power Project (MCPP). This comes after Tanzania president John Magufuli promptly sacked Tanesco MD Felchesmi Mramba, after the country’s Department of Energy and Minerals revoked an 8.5% increase in power charges that was to come into effect on Sunday.