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Kibo Mining appoints Minxcon Projects for mining feasibility study

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World Coal,

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).

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