JSE- and Aim-listed Kibo Energy on Friday announced that the Tanzanian Ministry of Minerals had accepted the company’s required statutory payments related to seven mining rights for the Mbeya coal-to-power project (MCPP).
Kibo CEO Louis Coetzee said in a statement that the acceptance of the payments, which were made well within the required payment timeframe, provided further confirmation that the MCPP was rapidly gaining momentum.