Kibo Mining appoints Minxcon Projects for mining feasibility study

Kibo Mining, a Tanzania-focused mineral exploration and development company has appointed Minxcon Projects to conduct a definitive mining feasibility study (DMFS) for the Rukwa Coal-to-Power project (RCPP) coal mine. This starts the integrated feasibility study for the project, which will cover both the development of the coal mine and mine mouth power plant.

Stage 1 of the DMFS is expected to be completed by November 2014 and will cover the conventional pre-feasibility elements associated with a coal mine feasibility study, as well as assessing certain key mining parameters required for the planning of the definitive feasibility study on the Rukwa power plant.

Stage 1 will also see the Rukwa Executive Management Team settle, over the next four months, the heads of terms for the following key commercial agreements in the RCPP:

• Power Purchase Agreement
• Coal Sale Agreement
• Grid Connection Agreement

The integrated RCPP feasibility study involves the sequential implementation, parallel execution and subsequent integration of the DMFS and definitive power feasibility study (DPFS).

Written by Jonathan Rowland

Read the article online at: https://www.worldcoal.com/mining/29072014/world-coal-kibo-mining-appoints-minxcon-project-for-coal-mining-feasibility-study-coal1142/