Joint Development Agreement with Mulilo Thermal Project Developments

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