Kibo completes integrated bankable feasibility study for Mbeya

Tanzania-focused Kibo Mining has completed the integrated bankable feasibility study for the Mbeya coal to power project with the delivery of the integrated financial model.

The IBFS – which comprises an integration of the definitive mining feasibility study, the definitive power feasibility study, the integrated financial model for the MCPP and all other relevant technical studies, inclusive of the financial outcomes from the power EPC agreement – concluded that the project is financially, technically and operationally very robust.

The model shows that the total capital requirement for the integrated project is reduced 21.1% from the original integrated prefeasibility study figure and indicative MCPP total revenue over an assumed 25-year life of project of approximately US$7.5-$8.5bn.

At 1:19pm: (LON:KIBO) Kibo Mining share price was 0p at 6p

Story provided by