adminLouis Coetzee, chief executive officer of the company, said Kibo was delighted by the strong support for the project.
The most significant milestone, he said, in Kibo’s efforts since re-admission to AIM is undoubtedly the inclusion of its flagship project in the National Energy Strategy.
“This, together with the government’s unequivocal commitment to participate proactively in the expedited development approach adopted by the company, vindicates the unwavering support that the company has enjoyed from its major shareholders and other long-term value investors, during a very difficult time,” said the official.
The Rukwa project is intended to be one of the cornerstones of a regional infrastructure development node on the western gateway of the Mtwara Corridor.
“We are honoured to have this opportunity to continue to build value for our shareholders and the people of Tanzania,” said Coetzee.
Kibo was established in early 2008 to explore and develop mineral deposits in Tanzania. – CAJ News.
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