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Kibo Energy Update on Mbeya Coal Mining Licence Application

Coal News - Published on Thu, 11 Jul 2019

Image Source: kibo.energy
Kibo Energy PLC announced a further positive development on the Mbeya Coal to Power Project licencing process. Mr Louis Coetzee, CEO of Kibo Energy, said that "We are very encouraged by the latest developments in respect of our ML-application, which is the product of constructive and co-operative interaction with the Mining Commission. The conversion of the SML-application into seven ML-applications demonstrates the willingness and commitment of the Mining Commission to cooperate with investors under the latest mining legislation and to find practical solutions in the interest of all stakeholders in order to stimulate the mining industry in Tanzania. The change in approach with regard to the ML-application has also provided further clarity with regard to ongoing development of the MCPP in general and will afford the MCPP with a very welcome gain in forward momentum."

Highlights
SML Application recommended for Approval, September 20, 2018
Special Mining Licence Application converted to seven Mining Licence Applications in the interest of a better economic outcome for all concerned stakeholders
Excellent cooperation and support by the Mining Commission of Tanzania.

Source :

Posted By : Ratan Singh on Thu, 11 Jul 2019
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