Kibo Mining, the Tanzania focussed mineral exploration and development company, has announced that the Mbeya Coal to Power Project, Definitive Power Feasibility Study work has been completed on schedule.

The DPFS report is now subject to a review process. The findings of the DPFS will be announced on completion of the review.

Louis Coetzee, CEO of Kibo Mining, said: "We are very pleased with the overall progress on the MCPP and in particular with the timely completion of work on the DPFS. The professional and committed way in which Tractebel has conducted the DPFS to date has been critical to delivering the DPFS work to the highest standard and within a challenging timeframe.

Results from the DPFS can only be announced once the review process has been completed, but we can at this stage state that all the DPFS outcomes to date have been well within our expectations.