Kibo Mining (AIM:KIBO, JSE:KBO), a Tanzania focused mining company, recently announced that the Mbeya Coal to Power Project has reached a very advanced stage following the completion of the Environmental and Social Impact Assessment (ESIA) work.
Louis Coetzee, CEO of Kibo Mining, said: “Completion of all the ESIA work marks another major step forward in the development of the MCPP, which has now reached a very advanced stage of development and is continuously gaining in momentum.”
The Project, located in south western Tanzania, has total coal resources of 121Mt (20.9Mt measured, 88.6Mt indicated, 11.3Mt inferred).
Coal reserves in Tanzania are estimated at 1.9b t, 25% of which are proven, according to the Tanzania Minerals Audit Agency (TMAA).
Production of bituminous coal in Tanzania rose significantly during 2010–2013, from 179t to 128,920t.
Coal in Tanzania is currently exploited in small scale at Kiwira Coal Mine in Mbeya Region and Tancoal Energy Limited Mine at Ngaka in Ruvuma Region.