Botswana: Kibo Mining to buy into coal-to-power project
Issue 360 - 21 Dec 2017
Kibo Mining has announced an agreement to acquire an 85% interest in the Mabesekwa coal to power project in Botswana from Sechaba Natural Resources, a 100% subsidiary of Shumba Energy. In a 30 November press release, AIM- and Johannesburg Stock Exchange-listed Kibo announced that Sechaba will receive a 28% shareholding in Kibo alongside retaining a 15% shareholding in a new special purpose vehicle to be incorporated for ownership of the Mabesekwa independent power project.
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