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Kibo Mining CEO fleshes out landmark Chinese deal

Louis Coetzee, Kibo Mining’s (LON:KIBO) chief executive officer, talks Proactive Investors through the finer points of the joint development agreement unveiled today.

The AIM-listed company today announced it has signed a development agreement with Chinese engineering firm SEPCO for its Rukwa coal to power project in Tanzania, sparking a 70% rise in Kibo’s share price on Monday morning.

Coetzee sets out the timeline for Rukwa, discusses the progress at the other projects in the group’s portfolio, and hints at plenty more news to come for investors.

Quick facts: Kibo Energy PLC

Price: 0.4 GBX

Market: LSE
Market Cap: £4.99 m

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