trending Market Intelligence /marketintelligence/en/news-insights/trending/yjwvadUnBMCzqdUiYU7g0A2 content esgSubNav
In This List

Kibo Mining targets financial close for Mbeya coal project following key study

Blog

Insight Weekly: M&A outlook; US community bank margins; green hydrogen players' EU expansion

Blog

Research Brokers Accelerate Their Coverage of Electric Vehicles

Blog

SEC Climate Disclosure Requirements Heating Up: How to Take Action

Blog

Insight Weekly: US bank M&A; low refinancing eases rates impact; Texas crypto mining booms


Kibo Mining targets financial close for Mbeya coal project following key study

Kibo Mining Plcsaid May 4 that it completed a power definitive feasibility study for its coal-to-power projectin Tanzania and is looking forward to financial close.

Company CEO Louis Coetzee added that the final phase of the bankablefeasibility study for Mbeya will now start.

The new study allows the expansion of the power station to atleast 600 MW, based on the recentlyupdated coal resource at Mbeya.

The power definitive feasibility study also confirmed annualaverage consumption of approximately 1.5 million tonnes of coal.

A definitive feasibility study in October 2015 on the Mbeya projectpegged a net present valueof between US$214 million and US$219 million, using a real discount rate of 5.51%,and an internal rate of return of 54%.