There is a bit of miss information around at the moment. While the new Mining Commissioner has been appointed, the commission ............. is not yet operating.
The Minister of Mines is still on maternity leave and was not going to attend Indaba. We expect the mining commission to start operating soon but in the meantime we can only prepare to present our case.
......the Epanko project in Tanzania has all approvals in place and is ready for development.
Over the last weeks we and our lawyers have been working through the new mining regulations and we believe there are no major impediments to our compliance and indeed much of the regulations relation to local content, training,social, environmental are already incorporated in our project planning and much covered by our project's compliance with IFC ,World Bank Equator Principles.
We have prepared an implementation agreement and are ready to present this to the commission as soon as it is operating.
We met with our bankers in Cape Town they fully support our strategy but wait, along with us, for the commission to start operating. We have no updates to report.
Among other things it is our CEO's role to promote the company,it's activities and articulate our strategy. It is not only important that investors understand our strategy on Epanko but also our progress on producing battery grade / spherical graphite.
Both Andrew and I met a number of equity investors in Cape Town and Andrew attended the Investment Battlefield event. From a field of 55 companies Kibaran came in third. Which is not a bad outcome given the uncertainty in Tanzania ............
I can assure you all the Kibaran team are fully focused on the priorities
I have left out a few details that relate to my holding or ID me. But that's it. Nothing earth shattering but very pleasing that everything is ready to go and very comforting to know that Exec, legal, financiers are all over it.