Mining Weekly reported that Kibo Mining plans to present its Rukwa coal-to-power project proposal to the Tanzania Ministry of Energy and Minerals.
As quoted in the market report:
Through a subsidiary of its majority-owned Mzuri Energy, Kibo signed a memorandum of understanding in 2012 with an Asian conglomerate to develop a 250 MW to 350 MW power station alongside the Rukwa coal project, which is located near Mbeya in south-west Tanzania.
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