UK 06:57 Sunday, 25 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
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Louis Coetzee, entrepreneurial chief executive officer of Tanzania-focused Kibo Mining (KIBO), says he is talking to 12 companies as he looks for a development partner in the power side of Kibo’s $60 million (£38 million) Rukwa coal and power station project in the country’s south-western Mbeya region. Kibo, which had last year signed a memorandum of understanding with Korea’s state-owned East West Power group about possible participation in Rukwa, is now concentrating instead on a pre-feasibility study, due this month from energy-to-infrastructure specialist Aurecon, of its plan to build a 300 to 350 megawatt power station there.
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