Tanzanian govt declares support for Kibo Mining's Rukwa project

Shares in AIM-listed Kibo Mining rose after the Tanzanian Ministry of Energy and Minerals informed the company that its Rukwa Coal to Power Project would be included as a strategic component of the government's National Energy Strategy with immediate effect.

Shares in AIM-listed Kibo Mining rose after the Tanzanian Ministry of Energy and Minerals informed the company that its Rukwa Coal to Power Project would be included as a strategic component of the government's National Energy Strategy with immediate effect.

The company reported that the Ministry of Energy and Minerals had said it would participate in procuring the establishment of the infrastructure node and confirmed its support for the development of the project to Kibo and its development partners.

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