Kibo Mining is a company involved in the exploration and development of mineral projects in Tanzania, controlling one of the largest mineral rights portfolios in the country. The company focuses on realising value from the Mbeya Coal to Power Project and the Imweru gold project, while also holding a portfolio of exploration assets spanning gold, coal, uranium and nickel-platinum group metals.

The Mbeya project is currently in development phase, with Kibo planning to advance it through to full production and power generation in line with Tanzania’s urgent requirement for new sources of power.

Imweru is the most advanced project within the company’s regional Lake Victoria Project licence portfolio in northern Tanzania. It comprises 550 000 ounces of gold resources on which Kibo has done a feasibility study which confirmed the economic feasibility of developing a gold mine at the site. Kibo Mining shares are available to buy on the Johannesburg Stock Exchange (JSE), but Kibo Mining share price has yet to take off.

Kibo plans to take advantage of the established and prolific Lake Victoria Goldfields, emerging goldfields in eastern Tanzania and the Mtwara Corridor in the south, where government has prioritised infrastructure development, and attracted significant investment in coal and uranium.

Following positive results from initial feasibility studies, a 250-350 MW thermal power station will be developed for the flagship Mbeya project, with the help of an established management team including Standard Bank as financial advisor. In addition to the identified potential of the Imweru Project, 168 000 ounces of mineral resource have been identified at the nearby Lubando Project, in which Kibo holds a 90% interest. The group is also pursuing exploration at the Haneti nickel, PGM and gold project, the Morogoro gold project and the Pinewood Uranium and Coal project. Kibo has secured the buy in of various investors and project partners in order to advance its aims.

The live online stocks chart shows that Kibo share price has yet to make a mark on the JSE, but the company is well capitalised and looks well placed to drive performance from assets with good potential. The group has established a partnership with the Tanzanian government to buy product, allowing for a guaranteed outlet once production begins. The company’s directorate says that the all-in cost margin for the flagship Mbeya project will be around 48%, resulting in healthy annual earnings of around US$23.5 million.

Kibo’s other projects also look promising, which should further encourage small-cap investors to buy Kibo shares. Despite the current volatility of mining stocks, Kibo shares look to be a sound long-term purchase for investors looking for a fresh mining company to buy into.

Materials

Metals & Mining

Base Metals

We have made it simple to buy JSE listed firm shares online. The easiest way to buy Kibo shares or stocks is to; start by submitting the ‘BUY THIS SHARE’ form. Next, one of our experienced and certified stock brokers will personally get in contact with you to discuss your custom stock request. Finally, a stock advisor will confirm the amount of shares you are looking to invest in Kibo and assist you with the setup and management of your stock portfolio account.

1. Start by Filling in the BUY THIS SHARE form.
2. Insert your name, email, telephone number and monthly remuneration.
3. Then, Indicate the amount you are looking to invest in Kibo.
4. Click the “ INVEST NOW” button
5. Once we have received your info, a dedicated stock advisor will personally call you back to discuss your personal share request.
6. Lastly, your newly appointed personal stock advisor will handle all account setups and reporting as stipulated by the financial services board of South Africa (FSB)

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