Mozambique graphite
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Kibo Energy has renewed and expanded its MOU with Mozambican state-owned electric utility, EDM, to advance the financing, construction and operation of the Benga Independent Power Project.

“We continue to make excellent progress in Mozambique with the development of Benga advancing according to plan,” Louis Coetzee, CEO of Kibo Mining.

“The renewal and expansion of this MOU with EDM is demonstrative of the significant local stakeholder support for the Project and we look forward to 2019 with confidence.”

Highlights

  • EDM committing to assist and co-operate towards the successful development of Benga in Mozambique
  • Full feasibility study on Benga ahead of schedule and progressing well, designed to confirm its commercial and operational viability
  • Strong local stakeholder support for Benga with energy supply a major government priority in the development of the country