The Board of Directors (“Directors”) of Shumba Coal Limited (the “Company”) is pleased to make the following announcements to its shareholders and the public in general:
1. Joint Development Agreement with Mulilo Thermal Project Developments
Following the communique issued by the Company on 6 March 2015 on a Heads of Agreement with Mulilo Thermal Project Developments (“Mulilo”), this announcement serves to confirm that the Company has entered into a Joint Development Agreement (“JDA”) with Mulilo, detailing commercial parameters of their joint development of the coal baseload electrical power projects. Read more
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