David Global
16 May 2018
Re: Exciting Times Ok it's been 9 months, surely soon is less than that?When are these people going to start to deliver? I give up investing in anything with an African connection. No wonder the continent remains a basket case.
davlum
13 Sep 2017
Exciting Times for Kibo holders.Company singing from same hymn sheet as Tanzi government.This will all come together soon.
redlegs
14 Jul 2017
Re: Africa haha, get your entry point yet?
David Global
04 Jul 2017
Re: Africa This has 0p written all over it
David Global
04 Jul 2017
Africa One for the very brave this, investing in Africa is an extremely risk thing to do, bribery and corruption is part of doing business and small Companies like Kibo Mining at at the behest of the local Govt officers and an almost marxist regime. I have sold.
Maverick
20 Apr 2017
Steady flow A steady flow of news now should begin as progress made.An interesting chart too.We all know where we want to be long term ..but short term 8.5p is achievable.GLA
Larry_the_Lock
20 Apr 2017
RNS Good News, onwards and upwards![link]
Maverick
05 Apr 2017
Starting to move. Under the radar for so many.Maverick
Larry_the_Lock
30 Mar 2017
RNS [link]
Larry_the_Lock
31 Jan 2017
Proactive [link]
Larry_the_Lock
19 Dec 2016
Proactive [link]
Divmad
25 Aug 2016
Re: This is fantastic We won't know for sure until we know if Kibo will repay half in cash and half in shares
Maverick
25 Aug 2016
This is fantastic And the key words: "without dilution"Mav
Nige the snake
25 Aug 2016
RNS great news! Kibo Mining Plc (Incorporated in Ireland)(Registration Number: 451931)(External registration number: 2011/007371/10)Share code on the JSE Limited: KBOShare code on the AIM: KIBOISIN:IE00B97C0C31("Kibo" or "the Company"
25 August 2016 Kibo Signs New Agreement with SEPCO III on the Mbeya Coal to Power Project Securing Cash Payment and Avoiding Equity Dilution Kibo Mining plc ("Kibo" or the "Company" (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development Company, is pleased to announce that it has signed a new Agreement (the "Agreement" with major international China based EPC contractor, SEPCO III. The Agreement establishes a re-defined contractual relationship between SEPCO III and the Company (together "the Parties" by which SEPCO III can earn the right to become the sole bidder for the EPC contract to build the power plant component of Kibo's, Mbeya Coal to Power Project ("MCPP". This Agreement supersedes and replaces the existing Joint Development Agreement currently in force between the Parties (first announced on 20 April, 2015). The principal terms and conditions of the Agreement are: · SEPCO III to refund Kibo for 50% of the total development costs incurred by Kibo on the MCPP to date ("Development Costs", with a fixed first tranche in the amount of US$1.8 million to be paid in cash to Kibo, no later than 30 August 2016; · SEPCO III and the Company to mutually agree by no later than 22 September 2016: o The final amount that constitutes the Development Costs;o The final amount to be refunded to Kibo; ando The date at which the residual refund amount (i.e. final amount to be refunded less the initial US$1.8m first tranche) will be payable to Kibo. · Conditional on Kibo receiving the first refund tranche of US$1.8 million and mutual agreement being reached between the Parties on the refund payment balance due, SEPCO III will be formally appointed sole bidder and will be required to submit an EPC bid proposal to Kibo by 22 October 2016. This bid must meet the EPC-specification laid down by Kibo and Tractebel Engineering (MCPP Definitive Power Feasibility Study consultant) for the construction of the MCPP thermal power plant. This EPC-specification requires the EPC-bid to, amongst others, be competitive against an international benchmark determined by Tractebel in respect of elements such as price, technical standards, operational, management and financial capability and capacity. The final bid must also comply with international good practice and standards and will in the final instance be subject to acceptance by Kibo and its financial advisors appointed to the MCPP; · Subject to SEPCO III's bid proposal meeting the EPC-specification as determined by Kibo and Tractebel Engineering, SEPCO III will be formally awarded the EPC contract by Kibo, no later than 23 December 2016; · SEPCO III will no longer earn any equity in the MCPP and all payments made to Kibo under the Agreement, will be a cash refund for historical development cost associated with the development of the MCPP; The Agreement provides for summary termination in the event of any of the listed conditions not being met, specifically in terms of missing any of the agreed timelines. In particular, if the Parties cannot agree on the total amount deemed to comprise the Development Costs by the 22nd September 2016 (bullet point 2 above) or do not complete signing of an EPC contract by the 23rd December 2016 (bullet point 4 above), the Agreement will terminate. Louis Coetzee, CEO of Kibo Mining, said: "We are extremely pleased that we have been successful in negotiating a new agreement with SEPCO III on favorable terms that ensures the Company continues to hold a 100% interest in the MCPP and still leaves Kibo with full and absolute control over the further development of the project. Under the terms of the Agreement, the Company will benefit from a near ter
Nige the snake
10 Aug 2016
RNS Louis Coetzee, CEO of Kibo Mining, said: "I am delighted that we have signed this agreement with Lake Victoria Gold to consolidate the Imweru and Imwelo gold projects. The Agreement provides a platform for us to proceed rapidly with the development of the Katoro gold project in order to extract maximum value from the project for shareholders. A significant portion of the preparation work to ensure a successful admission of Katoro to AIM and the JSE has been completed over the past two months, and we expect to complete this process shortly. Active development of the Katoro project will commence immediately thereafter and we expect production in early 2018. The combined resources of Kibo and LVG will significantly add to our ability and capacity to achieve these timelines. The consolidation of the Imweru and Imwelo gold projects adds significant value to the Company's gold portfolio and provides shareholders with an imminent opportunity to realize value from the Company's gold assets"
