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Kibo Mining CEO on improved economics for Mbeya coal mine

The chief executive of Kibo Mining (LON:KIBO), Louis Coetzee, discusses the improved economics of the company’s Mbeya thermal power project in Tanzania and the progress being made on the definitive feasibility study.

Yetserday the firm said results for the coal mine element of the power project had surpassed all expectations.

In particular, the all-in cost margin improved to between 49% - 62%, from 38% - 45%, and compares with the 25% usually considered "healthy" for this type of project. 

The net present value range is now between US$244mln – US$211mln, with a payback period of up to three and a half years.

Quick facts: Kibo Energy PLC

Price: 0.4 GBX

LSE:KIBO
Market: LSE
Market Cap: £4.99 m
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