Botswana: Kibo Mining to buy into coal-to-power project

Kibo Mining has announced an agreement to acquire an 85% interest in the Mabesekwa coal to power project in Botswana from Sechaba Natural Resources, a 100% subsidiary of Shumba Energy. In a 30 November press release, AIM- and Johannesburg Stock Exchange-listed Kibo announced that Sechaba will receive a 28% shareholding in Kibo alongside retaining a 15% shareholding in a new special purpose vehicle to be incorporated for ownership of the Mabesekwa independent power project.