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Kibo Mining (KIBO)
aldwickk
- 28 Apr 2010 16:33
aldwickk
- 11 May 2012 11:58
- 48 of 91
11 May 2012
KIBO MINING PLC
Proposed acquisition of Mzuri Energy Limited and Mayborn Resources Investments (Pty) Ltd
Dated: 11 May 2012
The Directors of Kibo Mining plc ("Kibo" or the "Company") (AIM: KIBO) the mineral exploration and development company in Tanzania have, in accordance with AIM Rule 14, requested the London Stock Exchange to suspend trading in the Company's share on AIM with immediate effect pending publication of the admission document in respect of the acquisition of Mzuri Energy Limited and Mayborn Resources Investments (Pty) Ltd.
KIBO MINING PLC
Proposed acquisition of Mzuri Energy Limited and Mayborn Resources Investments (Pty) Ltd
Dated: 11 May 2012
The Directors of Kibo Mining plc ("Kibo" or the "Company") (AIM: KIBO) the mineral exploration and development company in Tanzania have, in accordance with AIM Rule 14, requested the London Stock Exchange to suspend trading in the Company's share on AIM with immediate effect pending publication of the admission document in respect of the acquisition of Mzuri Energy Limited and Mayborn Resources Investments (Pty) Ltd.
aldwickk
- 25 Jun 2012 16:27
- 49 of 91
Kibo continues to make great strides in Tanzania, where it is exploring for gold, nickel, coal and uranium. Initial exploration on several prospects across the company’s portfolio undertaking with a view to identifying drill targets has now completed. The plan now is to assess the data, and then to get on and drill. Kibo’s shares remain suspended as it completes on the acquisition of the energy part of its portfolio, but last traded back in May at 2.25p.
FROM MINESITE 24/6/2012
FROM MINESITE 24/6/2012
aldwickk
- 12 Jul 2012 19:15
- 50 of 91
June 12, 2012
Kibo Mining Expands Its Footprint In Tanzania
By Robert Tyerman
Louis Coetzee, the chief executive of Aim-traded Kibo Mining, exudes a quiet satisfaction as he outlines the latest steps taken by the East African-focused company in its campaign to establish itself as a major player in Tanzania’s power generation and mining industries.
Louis Coetzee
He anticipates a formal coal deal involving major Asian interests should be in place in three months’ time. He’s also expecting to complete a nickel joint venture with a significant Brazilian group.
As foreshadowed by Minesite in April, Kibo has now established itself as a participant in an ambitious project to construct a power station at the Rukwa coal project near the city of Mbeya in south-west Tanzania.
At the beginning of April, Kibo issued 760 million shares to Mzuri Energy, part of the Africa-focused Mzuri group, giving Mzuri some 27 per cent of Kibo in return for 51 per cent stakes in Mzuri’s coal and uranium projects. Then, following that deal, Mzuri’s coal arm signed a memorandum of understanding with what the company coyly describes as “a large Asian conglomerate” to initiate the project for electricity-hungry Tanzania.
Mzuri Coal will supply technical data for a feasibility study on Rukwa, which is currently estimated to contain around 109 million tonnes of thermal coal.
Also quoted in Johannesburg, where it raised £1.2 million at a modest 3p last year, Kibo knows Mzuri well, given that Mzuri’s energy division was formerly headed by Coetzee. The two companies became seriously involved together in 2010.
“We hope for a deal with the Asian company in the next three months”, says Coetzee. He cites Tanzania’s mining-friendly laws, drawn up, he claims, with help from Kibo, its investment tax allowances and risk-free rating by the World Bank, as among the country’s attractions, apart from its mineral wealth.
In February Kibo raised a further £750,000 from Mzuri Gold, at an even more modest 2p. But the company’s recent appointment of Northland Capital as joint broker with Cornhill Capital, and RFC Ambrian as its new nominated adviser might imply the possibility of a further fundraising before too long, if its projects look promising.
Tinus Maree, head of Mzuri, endorses Kibo’s approach. “There is a clear imperative to develop strategic infrastructure projects as catalysts to broader economic development in the region”, he says.
Coetzee is keen to stress that the Rukwa coal project, though important, is by no means Kibo’s only interest in Tanzania. Kibo’s ultimate goal is to become an old-style country-focused mining investment house, he says. And one attraction of a deal with Mzuri, he says, was its attractive portfolio of uranium assets.
“We needed a smart acquisition to diversify into the energy sector”, says Coetzee. Mzuri’s stake in the Pinewood uranium and coal projects, with uranium in the Mbeya area seemed to fit the bill.
“The project comes with funding”, says Coetzee, and as such an airborne survey will shortly get underway. “Our licences are in the same geological area as known uranium projects”, he says. “This is now a hot spot with lots of companies active.” One such is East African Resources, another company he heads.
Meanwhile, Kibo has also signed a memorandum of understanding with Brazil’s private Votorantim group relating to the Haneti nickel project in central northern Tanzania. Coetzee suggests this will become a firm agreement soon, given the promise that Haneti already shows. “The latest airborne surveys show some good drilling targets”, he says.
Kibo also hopes drilling will start later this year on its 33 gold licences in the Morogoro and Dodoma regions of central and south-east Tanzania. The company claims this area shows distinct geological similarities to the goldfields of Western Australia.
The same is true of its gold properties near Lake Victoria, one of which is near a mine run by the African Barrick group, while another is situated on the gold-rich Geita geological trend, only 35 kilometres from one of Canadian miner Canaco’s largest properties.
The stock market has been cautious about Kibo. The company’s shares are now trading at 2.5p, below the level of last year’s Jo’burg funding, and valuing it at a fairly modest £10.38 million. But if the deals it currently has on the table come off, then a re-rating might well be on the cards.
Back Print this news item
Kibo Mining Expands Its Footprint In Tanzania
By Robert Tyerman
Louis Coetzee, the chief executive of Aim-traded Kibo Mining, exudes a quiet satisfaction as he outlines the latest steps taken by the East African-focused company in its campaign to establish itself as a major player in Tanzania’s power generation and mining industries.
Louis Coetzee
He anticipates a formal coal deal involving major Asian interests should be in place in three months’ time. He’s also expecting to complete a nickel joint venture with a significant Brazilian group.
As foreshadowed by Minesite in April, Kibo has now established itself as a participant in an ambitious project to construct a power station at the Rukwa coal project near the city of Mbeya in south-west Tanzania.
At the beginning of April, Kibo issued 760 million shares to Mzuri Energy, part of the Africa-focused Mzuri group, giving Mzuri some 27 per cent of Kibo in return for 51 per cent stakes in Mzuri’s coal and uranium projects. Then, following that deal, Mzuri’s coal arm signed a memorandum of understanding with what the company coyly describes as “a large Asian conglomerate” to initiate the project for electricity-hungry Tanzania.
Mzuri Coal will supply technical data for a feasibility study on Rukwa, which is currently estimated to contain around 109 million tonnes of thermal coal.
Also quoted in Johannesburg, where it raised £1.2 million at a modest 3p last year, Kibo knows Mzuri well, given that Mzuri’s energy division was formerly headed by Coetzee. The two companies became seriously involved together in 2010.
“We hope for a deal with the Asian company in the next three months”, says Coetzee. He cites Tanzania’s mining-friendly laws, drawn up, he claims, with help from Kibo, its investment tax allowances and risk-free rating by the World Bank, as among the country’s attractions, apart from its mineral wealth.
In February Kibo raised a further £750,000 from Mzuri Gold, at an even more modest 2p. But the company’s recent appointment of Northland Capital as joint broker with Cornhill Capital, and RFC Ambrian as its new nominated adviser might imply the possibility of a further fundraising before too long, if its projects look promising.
Tinus Maree, head of Mzuri, endorses Kibo’s approach. “There is a clear imperative to develop strategic infrastructure projects as catalysts to broader economic development in the region”, he says.
Coetzee is keen to stress that the Rukwa coal project, though important, is by no means Kibo’s only interest in Tanzania. Kibo’s ultimate goal is to become an old-style country-focused mining investment house, he says. And one attraction of a deal with Mzuri, he says, was its attractive portfolio of uranium assets.
“We needed a smart acquisition to diversify into the energy sector”, says Coetzee. Mzuri’s stake in the Pinewood uranium and coal projects, with uranium in the Mbeya area seemed to fit the bill.
“The project comes with funding”, says Coetzee, and as such an airborne survey will shortly get underway. “Our licences are in the same geological area as known uranium projects”, he says. “This is now a hot spot with lots of companies active.” One such is East African Resources, another company he heads.
Meanwhile, Kibo has also signed a memorandum of understanding with Brazil’s private Votorantim group relating to the Haneti nickel project in central northern Tanzania. Coetzee suggests this will become a firm agreement soon, given the promise that Haneti already shows. “The latest airborne surveys show some good drilling targets”, he says.
Kibo also hopes drilling will start later this year on its 33 gold licences in the Morogoro and Dodoma regions of central and south-east Tanzania. The company claims this area shows distinct geological similarities to the goldfields of Western Australia.
The same is true of its gold properties near Lake Victoria, one of which is near a mine run by the African Barrick group, while another is situated on the gold-rich Geita geological trend, only 35 kilometres from one of Canadian miner Canaco’s largest properties.
The stock market has been cautious about Kibo. The company’s shares are now trading at 2.5p, below the level of last year’s Jo’burg funding, and valuing it at a fairly modest £10.38 million. But if the deals it currently has on the table come off, then a re-rating might well be on the cards.
Back Print this news item
rekirkham
- 13 Jul 2012 21:20
- 51 of 91
Are these quoted on London Exchanges or just South Africa ?
aldwickk
- 13 Jul 2012 23:52
- 52 of 91
AIM Share Price
(Ticker: KIBO)
JSE Share Price
(Ticker: KBO)
2.75p Change 0.00p
at close on 13 Jul 2012
32.00c Change 0.00c
at close on 14 Jul 2012
rekirkham
- 16 Jul 2012 08:28
- 53 of 91
KIBO AIM ?
No price shown on my dealer board and no transactions.
How does one deal in London - verbal request for a price or what.
What would the spread be and cost - if dealing in UK
No price shown on my dealer board and no transactions.
How does one deal in London - verbal request for a price or what.
What would the spread be and cost - if dealing in UK
aldwickk
- 16 Jul 2012 10:57
- 54 of 91
aldwickk
- 16 Jul 2012 11:00
- 55 of 91
rekirkham
I don't know why you didn't go to Kibo's website to answer your question's
I don't know why you didn't go to Kibo's website to answer your question's
aldwickk
- 16 Jul 2012 11:36
- 56 of 91
In conclusion, I wish to thank Shareholders for their support while we implement the corporate restructuring currently underway that is necessitated by our acquisition of MEL and Mayborn. As you are aware, the Company's shares remain suspended on AIM to allow us complete this work which I am glad to report is near completion and I anticipate that share trading will recommence before the end of July 2012 with re-admission of the Company to AIM.
aldwickk
- 02 Aug 2012 20:18
- 57 of 91
SUSPENSION UPDATE
"I'm sorry to say that re-admission will now occur in August which is later than we wanted. It has come about as a result of delays to compliancy work across the two exchanges.
I appreciate that the end of July has been mentioned as a target for re-admission to AIM, however, it has always been an anticipated target and has never been an absolute deadline. I can assure you that Louis Coetzee has driven this whole process forward as fast as possible but sometimes there are factors involved that fall outside of our immediate control which can slow things down.
We hope that the advantages that this re-admission will bring to the Company, and therefore shareholders, will mitigate any annoyance at the time it is taking to fulfill all the compliancy requirements involved in this process."
"I'm sorry to say that re-admission will now occur in August which is later than we wanted. It has come about as a result of delays to compliancy work across the two exchanges.
I appreciate that the end of July has been mentioned as a target for re-admission to AIM, however, it has always been an anticipated target and has never been an absolute deadline. I can assure you that Louis Coetzee has driven this whole process forward as fast as possible but sometimes there are factors involved that fall outside of our immediate control which can slow things down.
We hope that the advantages that this re-admission will bring to the Company, and therefore shareholders, will mitigate any annoyance at the time it is taking to fulfill all the compliancy requirements involved in this process."
steve2835 - 15 Aug 2012 08:42 - 58 of 91
Kibo Resume Trading today - interview with Louis Coetzee, CEO - Audio Interview Link
aldwickk
- 31 Aug 2012 07:09
- 59 of 91
Kibo Mining
Reverse takeover of coal and uranium projects looks like a transformational deal
Kibo Mining is a Tanzanian-focused multi-commodity exploration business with a large land holding position and interests projects prospective for coal, gold, nickel and uranium.
The Rukwa Coal Project is a NI 43-101 compliant resource of 109Mt thermal coal resource with prospecting licences and applications cover 1,557 km² which provide the opportunity of expanding the current coal resource by further exploration effort.
Kibo benefits from its long association in Tanzania which has allowed the company to put together a 18,000 km² portfolio of gold and nickel licences which is almost 10 times the current government's limits.
Our valuation is based on just the coal and gold interests; and gives a target price of 2.9p.
Reverse takeover of coal and uranium projects looks like a transformational deal
Kibo Mining is a Tanzanian-focused multi-commodity exploration business with a large land holding position and interests projects prospective for coal, gold, nickel and uranium.
The Rukwa Coal Project is a NI 43-101 compliant resource of 109Mt thermal coal resource with prospecting licences and applications cover 1,557 km² which provide the opportunity of expanding the current coal resource by further exploration effort.
Kibo benefits from its long association in Tanzania which has allowed the company to put together a 18,000 km² portfolio of gold and nickel licences which is almost 10 times the current government's limits.
Our valuation is based on just the coal and gold interests; and gives a target price of 2.9p.
js8106455 - 07 Sep 2012 11:44 - 60 of 91
Found this interesting video interview with Louis Coetzee, Chief Executive Officer of Kibo.
Click on the link below to watch:
http://www.brrmedia.co.uk/event/103890/louis-coetzee-chief-executive-officer
Click on the link below to watch:
http://www.brrmedia.co.uk/event/103890/louis-coetzee-chief-executive-officer
js8106455 - 15 Nov 2012 16:29 - 61 of 91
Interview with Louis Coetzee, Chief Executive Officer
CEO, Louise Coetzee give an update of the numerous gold anomalies that have been identified during soil sampling. Louis also talks about the companies other resources and the how Kibo will continue to focus on its other assets of coal, uranium and nickel.
Click the link below to listen:
http://www.brrmedia.co.uk/event/106713/louis-coetzee-chief-executive-officer
CEO, Louise Coetzee give an update of the numerous gold anomalies that have been identified during soil sampling. Louis also talks about the companies other resources and the how Kibo will continue to focus on its other assets of coal, uranium and nickel.
Click the link below to listen:
http://www.brrmedia.co.uk/event/106713/louis-coetzee-chief-executive-officer
js8106455 - 18 Jul 2013 12:06 - 62 of 91
js8106455 - 01 Oct 2013 17:12 - 63 of 91
js8106455 - 29 Oct 2013 13:21 - 64 of 91
LISTEN: Kibo Mining (KIBO) - Kibo commences 3,000 metre drill programme at Imweru
Click here to listen
Click here to listen
northerly1 - 20 Nov 2013 20:20 - 65 of 91
Kibo Mining is apparently the most undervalued share listed on the AIM market and one of the most widely held stocks in ISA accounts and fully funded at present for its on going projects. This was over 60p a few years ago and looking good to go from here!
northerly1 - 29 Nov 2013 22:58 - 66 of 91
Starting to make the first steps upwards..now 5p
js8106455 - 27 Jan 2014 11:03 - 67 of 91
LISTEN: Kibo Mining (KIBO) - Shareholder Update: Financial Year 2013/14
Click the link below to listen
http://www.brrmedia.co.uk/event/119985/louis-coetzee-chief-executive-officer
Click the link below to listen
http://www.brrmedia.co.uk/event/119985/louis-coetzee-chief-executive-officer
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