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Diversified Tanzanian minerals explorer Kibo Mining has not yet decided whether it will retain stakes in its various projects as they mature DIVERSIFIED Tanzanian minerals explorer Kibo Mining has not yet decided whether it will retain stakes in its various projects as they mature. But it is most likely to keep an interest in its Rukwa coal mine to power station project, says CE Louis Coetzee.All mining exploration companies face this dilemma when they have found a deposit, drilled it and established its economic viability. Many choose to remain explorers, so they sell the project to a bigger company, repay debt to lenders and distribute the funds to their shareholders, who paid for the work.Coetzee says the decision to retain a significant interest in the projects, become an operator, or exit altogether depends on what would create the most value for Kibo’s shareholders.“If we spin them off, the next owners need to understand what will make them successful in this jurisdiction. Our...

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