Tanzania-focused mineral exploration and development company Kibo Mining has entered into a binding term sheet with UK-based private equity provider Sanderson Capital Partners for a new $2.9-million forward payment facility. The facility provides for Kibo to be advanced part of the $3.6-million development cost recovery, which is payable to the company by Chinese contractor Sepco III on achieving financial close of the Mbeya coal-to-power project (MCPP), in …
Source: www.engineeringnews.co.za
Kibo secures .9m forward payment facility for Mbeya project
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