RE: strange prices9 Dec 2019 15:21
As far as I can gather from previous announcements on timelines / progress
Botswana / Mabesekwa
The following agreements have a long stop date of March 2020 and as of 6th Dec are on track to be completed by 20 March 2020.
1. Coal Sale Agreements with KEB to establish the MCIPP Resource as a secure and exclusive feedstock supply of coal for:
o The PCP for 100% of its feedstock requirements (on the back of a binding Coal Supply Agreement already put in place by Shumba);
o The KP1 Power Plant for 100% of its fuel needs; and
o The MCIPP Power Station for 100% of its fuel needs
Power Purchase Agreement between the PCP and the KP1 Power Plant for exclusive supply of the necessary 300MW of electricity to the PCP.
Power Purchase agreements between MCIPP power plant and future commercial off takers.
MAST / MED
As of 30th Oct ‘the delivery of a fully operational site at Bordesley by end of Q1 2020 and the associated first revenue generation for the Company.’
Mozambique / Benga
5th Sept - Signed term sheets for PPA and Coal Supply Agreement … ‘demonstrates clear intention of the involved parties to enter the next phase of negotiation aiming for execution of a final binding PPA in Q4 2019 in compliance with all relevant regulatory and statutory requirements.’
9th Oct – ‘The Company recently delivered a DFS and subsequently signed term sheets for coal supply and power purchase agreements with Vale Mozambique, S.A., and continues encouraging discussions with Electricidade de Moçambique ('EDM') under the existing MoU as part of the PPA process.‘
30th Oct - "On a wider level we are in Maputo this week continuing negotiations with Vale Mozambique to finalize the Power Purchase Agreement and Coal Supply Agreements for the Benga Power Plant Project for which term sheets have already been announced. “
6 weeks ago so is Q4 2019 still on?
Tanzania / Mbeya CPP
Last update 9th Oct – “Mbeya Coal to Power Project (MCPP), Tanzania (100% interest) - a project fully developed to construction ready status, comprising of a 39 MT mineable reserve and a 300-600 MW power plant is making headway and remains an exciting opportunity as highlighted by the recent confirmation from TANESCO that Kibo has the option to develop the project for the severely undersupplied power export market. Kibo is actively pursuing the export market alongside opportunities within the domestic market. Recently, the Company was granted seven Mining Licences and the Project's Water Permits was successfully renewed, showing continued dedicated work, progress and development on the MCPP.”
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