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The coming weeks and months are likely to prove pivotal for ambitious Kibo Mining (KIBO) and its clutch of prospects in Tanzania, ranging from coal and nickel to platinum, gold and lithium. Kibo, steered by entrepreneurial chief executive officer Louis Coetzee, is currently talking to five potential major partners about developing its flagship project, a proposed $700 million (£435 million) thermal coal mine and power generation plant at Rukwa in the south-west of the energy-starved East African country, whose current 7 per cent rate of economic growth is putting a premium on electricity supply.
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