Kibo Mining Buys Uranium, Coal Projects

Mining Weekly reported Kibo Mining (LSE:KBO) has acquired two coal and uranium projects in Tanzania.

As quoted in the market news:

Mzuri Energy owns Mzuri Coal, which in turn holds 100% of Rukwa Coal – the owner of two prospecting licences in the Mbeya region with a Joint Ore Reserves Committee-compliant inferred and indicated resource of at least 129-million tons of thermal coal.

Mzuri Energy also holds Mbeya Uranium, which through its subsidiaries, is either the owner or the applicant for prospecting licences, which it has contributed to an unincorporated joint venture with Mayborn.

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