23rd Jan 2014 11:43
LONDON (Alliance News) - Kibo Mining PLC said Thursday that it will focus on advancing its current key coal and gold projects in 2014, as well as considering new low entry-price project opportunities in Tanzania.
The mineral exploration and development company said that the focus for the coming year follows a successful 2013 which saw the firm restructure it management team, add an 800,000oz of gold resource with the acquisition of Imweru and Lubando, and achieving Tanzanian government support for the Rukwa coal fired power project.
In a shareholder update outlining its objectives for 2014, Kibo said it will remain specifically focused on advancing the Company's current key coal and gold projects as well as opportunistically considering new low entry price project opportunities in Tanzania.
Shares in the firm were trading up 1.09% at 4.17 pence per share Thursday morning.
By Alice Attwood; [email protected]; @AliceAtAlliance
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