Kibo receives written confirmation from Tanzanian ministry to expedite MCPP

Dual-listed Kibo Mining has received written reconfirmation from the Tanzanian Ministry of Energy and Minerals (MEM) calling for expedited development of the Mbeya coal-to-power project (MCPP). "We are pleased with the latest response from the MEM. The process of negotiating and agreeing a final power purchase agreement should now progress at a considerably faster pace than over preceding months, as this remains the key to completing development of the MCPP,” CEO Louis Coetzee said in a statement on Thursday.