Corporate Presentation and Change of Advisor

RNS Number : 9808V

Kibo Mining Plc

27 July 2018

 

Kibo Mining Plc (Incorporated in Ireland)

(Registration Number: 451931)

(External registration number: 2011/007371/10)

Share code on the JSE Limited: KBO

Share code on the AIM: KIBO

ISIN: IE00B97C0C31

("Kibo" or "the Company")

Dated:  27 July 2018

 

Kibo Mining Plc ('Kibo' or the 'Company')

Updated Corporate Presentation and Change of Advisor

 

Kibo Mining Plc (AIM:KIBO; AltX:KBO), the multi-asset, Africa-focused, energy company, is pleased to announce that an updated corporate presentation for the Company is now available to view on Kibo's website.  To access the presentation please copy and paste the following link to your web browser: www.kibomining.com 

 

The Company is also pleased to announce that effective immediately, its new legal advisors for the Mbeya Coal to Power Project ("MCPP") will be Hogan Lovells International LLP. replacing Norton Rose Fulbright ("NRF"). After the senior partner responsible for the MCPP at NRF recently joined Hogan Lovells the Company decided to follow to ensure continuity and stability in the ongoing sensitive legal work related to the MCPP PPA negotiations. For more information and background on Hogan Lovells please follow: http://www.hoganlovells.com/  

**ENDS**

For further information please visit www.kibomining.com or contact:

Louis Coetzee	[e-mail]	Kibo Mining Plc	Chief Executive Officer
Andreas Lianos	[phone]	River Group	Corporate and Designated Adviser on JSE
Ben Tadd / Tom Curran	[phone]	SVS Securities Limited	Joint Broker
Jon Belliss	[phone]	Novum Securities Ltd	Joint Broker
Andrew Thomson	[phone]	RFC Ambrian Limited	NOMAD on AIM
Isabel de Salis / Priit Piip	[phone]	St Brides Partners Ltd	Investor and Media Relations Adviser

Notes to editors

Kibo Energy plc is a multi-asset, Africa focussed, energy company positioned to address the acute power deficit, which is one of the primary impediments to economic development in Sub-Saharan Africa. To this end, it is the Company's objective to become a leading independent power producer in the region.

Kibo is simultaneously developing three similar coal-fuelled power projects: the Mbeya Coal to Power Project ('MCPP') in Tanzania; the Mabesekwa Coal Independent Power Project ('MCIPP') in Botswana; and the Benga Independent Power Project ('BIPP') in Mozambique.  By developing these projects in parallel, the Company intends to leverage considerable economies of scale and timing in respect of strategic partnerships, procurement, equipment, human capital, execution capability / capacity and project finance.  Additionally, the Company will benefit from its robust and experienced international blue-chip partnership network across its project portfolio, which includes:  SEPCO III (China), General Electric (USA); Tractebel Engineering (Belgium); Minxcon Consulting (South Africa); ABSA / Barclays Africa); and Hogan Lovells International LLP.

Johannesburg

27 July 2018

Corporate and Designated Adviser River Group

 

END

 

 

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