Modern Mining January 2016

MINING News

Kibo Mining advances Mbeya project the MCPP are served at all times.

company is diligently and successfully attending to the MCPP’s key commercial development objectives. These efforts are in turn strongly supported by the ongoing technical feasibility work that is rapidly advancing in parallel.” KiboMining is listed on the AIMmarket in London and the AltX in Johannesburg. The company is focused on exploration and development of mineral projects in Tanzania, and controls one of Tanzania’s largest mineral rights portfolios. It holds a thermal coal deposit at Rukwa, which is the basis of the MCPP. 

Diamcor installs XRT technology at diamond operation Diamcor Mining Inc, listed on the TSX-V, has announced the installation of a deposit- specific crushing circuit, along with Tomra XRT diamond recovery technology, for the processing of material in the +26,0 mm size fractions at its Krone-Endora at Venetia proj- ect in Limpopo Province. The selection and installation of this equipment is aimed at achieving the effec- tive liberation of oversized materials, while reducing the potential breakage of larger dia- monds through a selective crushing system. The Tomra systemwas chosen – says Diamcor – based on its demonstrated operational benefits and the exceptional results demon- strated at various other projects testing and using this new diamond recovery system. The Tomra XRT diamond recovery technol- ogy provides the added benefit of being a‘dry system’, and thus does not require water like many other X-ray final recovery systems. The company believes this technology may ulti- mately enhance overall processing capacities, increase efficiencies, and is the optimum solu- tion for the effective treatment of the oversize material at the project. The initial installation of this equipment will enable it to operate independently from the current processing underway at the proj- ect, thereby providing for an incremental analysis of the benefits of its utilisation for a period of approximately 90 days.  Over the past twelve months Kibo says it has been engaged in a very constructive dialogue with TANESCO and the Tanzanian Ministry of Energy and Minerals (MEM). During this process the parties identified an agreed set of principles to guide and direct the development of a PPA for the MCPP. These principles seek to recognise, balance and pro- tect the interests of all MCPP stakeholders in a manner that ensures that the best interests of Kibo Mining has announced that it is busy finalising a Memorandum of Understanding (MOU) withTanzania Electric Supply Company Limited (TANESCO) on a Power Purchase Agreement (PPA) for the Mbeya Coal to Power Project (MCPP).

Louis Coetzee, CEOof KiboMining, said: “The MCPP continues to make significant progress, with this latest breakthrough being one of the most important mile- stones in the development of the MCPP to date. Finalising critical commercial arrangements on the MCPP – to ensure optimal value creation and realisation on the company’s flagship asset – is crucial at this stage of the project’s development. This announcement also shows that the

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January 2016  MODERN MINING  17