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Kibo Mining making good progress and on track with PPA in Tanzania

Published: 08:41 16 Mar 2018 EDT

Louis Coetzee, chief executive of Kibo Mining PLC (LON:KIBO) tells Proactive all is on track and good progress is being made towards finalising a Power Purchase Agreement (PPA) with  Tanzania Electric Supply Company (TANESCO).

''We've made some really good progress over the last two months, we signed the MoU which set everything in motion towards finalising the PPA .. we have a date set for that which is towards the end of Q1''

''At the moment we're still on schedule ... we're still heading for that date and we have no reason to believe we won't meet it but we're still in the hands of a government and governments have their own timescales''.

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