26th Feb 2015 11:32
LONDON (Alliance News) - Metal Tiger PLC and Kibo Mining PLC on Thursday said both their uranium and Morogoro gold joint ventures in Tanzania have now started operation.
The two said the first funds under both joint venture agreements have been paid.
"Metal Tiger is pleased to report that its uranium joint venture with Kibo Mining has now commenced. The Pinewood portfolio provides an exciting opportunity for the company's direct project investment division, and we are pleased to be extending our working relationship with Kibo on an ongoing basis," said Metal Tiger Chief Executive Officer Cameron Parry.
Metal Tiger shares were up 7.6% to 0.861 pence on Thursday, one of the best performers in the AIM All-Share. Kibo shares were flat at 5.75p.
By Sam Unsted; [email protected]; @SamUAtAlliance
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Related Shares:
MTR.LKibo Energy