UK-based Kibo Mining PLC has released the results from a definitive mining feasibility study (DMFS) for the Rukwa coal project which indicate that the Tanzania mining project can support a 300MW mine-mouth power station.
According to Kibo Chief Executive, Louis Coetzee, early economic and technical evaluation of the Rukwa site confirmed robust project fundamentals and results of the feasibility study show that the deposits can be mined in an opencast style for the anticipated life of the mine of at least 27 years.
“We are delighted with the latest results of the ongoing work at Rukwa and the rapid progress the company is making at the moment,” said Mr. Coetzee.
The power station at Rukwa will require 28.8 million tons of coal over the course of 20 years, which represents 48% of the currently mineable resources for the mine and suggests a potential for a 40 year lifespan for the plant.
Kibo Mining is an Irish registered company that was established in 2008 with the initial aim to explore and develop gold and nickel deposits in Tanzania and now has one of the largest mineral right portfolios in the country with projects including gold, nickel, coal and uranium.