- Kibo Mining said it had signed a memorandum of understanding with the Tanzania Electric Supply Company on a power purchase agreement from its 300MW Mbeya coal-to-power project.

The non-binding agreement constituted the precursor to the finalisation of the PPA, which was expected to be finalized as early as the end of the first quarter of 2018, Kibo Mining said.

At 2:44pm: [LON:KIBO] Kibo Mining share price was +0.6p at 5.85p

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