Kibo Mining wins GE innovation award for power project

AAKibo Mining plc (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development company, is pleased to announce the Company has won the Innovative Project Development Deal of the Year 2017 at the General Electric awards held in New York USA, on 7 September 2017.

Louis Coetzee, CEO of Kibo Mining, said: “We are thrilled to receive this recognition from General Electric Africa in relation to the Mbeya Coal to Power Project. With innovation, we have been able to improve the economic viability of the Project, which is crucial to Tanzania’s energy dynamic. We are receiving strong endorsements from the corporate, financial and political arenas as we look to deliver an exceptional project for the benefit of all stakeholders. Furthermore, we welcome the challenge to set the benchmark for innovation in the resource sector, which will not only benefit our Tanzanian power project but the industry more generally.”

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