Operations Update
June 06 2012 - 4:04AM
RNS Non-Regulatory
TIDMEDL
Edenville Energy PLC
06 June 2012
6(th) June 2012
EDENVILLE ENERGY PLC ("Edenville" or the "Company")
Operations Update, June 2012
Edenville Energy plc (AIM:EDL), the coal focused African energy
exploration and development company, is pleased to announce that
last week it's Chairman, Simon Rollason and Managing Director Mark
Pryor were invited to the capital city of Dodoma to discuss the
Rukwa Coalfield Project ("the Project") and proposed future plans
for the advancement of the project with the Prime Minister of
Tanzania, Mr Mizengo Pinda (photos on web site).
The Prime Minister has closely followed our exploration work
with interest and is very supportive of our efforts. Successful
development of the Rukwa Coalfields would directly assist the
region with the generation of power in the near future thus
avoiding the reliance on imported electricity from neighbouring
states and/or generator produced power. The coalfield could also
potentially provide a source of coal in the region for local
industries, such as textile and cement factories.
The Prime Minister was greatly encouraged by the advances we
have made in the short time the Company has been working on the
coal deposits and is looking forward to seeing the future of the
region grow with the help of a guaranteed power source.
The Prime Minister also facilitated a series of follow-up
meetings and presentations with TANESCO, the Tanzania Electric
Supply Company Limited, which is a parastatal organization of the
Ministry of Energy and Minerals. TANESCO generates, transmits,
distributes and sells electricity to Tanzania.
Tansheq Consultants, a Dar es Salaam based consulting group
associated with the international consulting group, Golder
Associates, has been retained by the Company to undertake a
Preliminary Feasibility Study ("PFS") and an Environmental Impact
Assessment ("EIA") on the Rukwa Coalfield Project. The EIA
commenced on 28(th) May with the registration of the project with
the National Environment Management Council ("NEMC"). It is
anticipated this study will take approximately 6 months
complete.
Commenting today Simon Rollason, Chairman of Edenville, said;
"This is an important step towards our vision of the Rukwa
Coalfield Project becoming the source for a mine-mouth
coal-to-power generation facility, providing power to the region of
South-West Tanzania. It is very encouraging that we have strong
governmental support and will continue establishing early dialogue
with key players in the Tanzanian energy sector. With the recently
announced resource statement we have the foundation stone from
which the Rukwa Project will significantly grow. We look forward to
updating our shareholders with progress reports during the course
of the 2012 field season."
Contact:
Edenville Energy plc
Simon Rollason - Chairman
Rakesh Patel - Finance Director
www.edenville-energy.com +44 (0) 20 7099 1940
ZAI Corporate Finance Ltd
Ray Zimmerman/ Marc Cramsie +44 (0) 20 7060 2220
Newgate Threadneedle
Grahame Herring/Richard Gotla +44 (0) 20 7653 9855
This information is provided by RNS
The company news service from the London Stock Exchange
END
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