Kibo Mining - Re: KIBO Stream Log - Coal outlook Lovett adds that...

Coal outlook Lovett adds that the use of coal at Rukwa – which is seemingly usable for thermal power – is “very encouraging news”. The first stage of the mining definitive feasibility study (DFS) for Tanzania-focused mineral exploration and development company Kibo Mining’s Rukwa coal-to-power project is expected to be completed by the end of this November. It will cover the conventional pre-feasibility elements that are associated with a coal mine feasibility study. This is in addition to assessing certain key mining parameters required for the planning of a DFS on the proposed Rukwa power plant. Moreover, African coal explorer Edenville Energy’s Tanzanian entity, Edenville International-Tanzania, has been awarded an environmental-impact assessment certificate. This signals approval for coal-mining at the Namwele and Mkomolo coal deposits, near Lake Rukwa, to start. Edenville International-Tanzania’s future mining objectives include the completion of a feasibility study, as well as subsequent conversion of current prospecting licences and primary mining licences into a full mining licence -- with further environmental studies and approvals required as part of the development processes for a power plant. “Tanzania has significant coal reserves, so if a successful project can be developed, this should catalyse further investment in coal,” Lovett concludes.