Edenville Energy PLC Recommencement of Mining Activities at Rukwa (0048V)
August 04 2020 - 2:00AM
UK Regulatory
TIDMEDL
RNS Number : 0048V
Edenville Energy PLC
04 August 2020
04 August 2020
EDENVILLE ENERGY PLC
("Edenville" or the "Company")
Recommencement of Mining Activities at Rukwa
Recommencement of Operations
Edenville Energy Plc (AIM: EDL), the AIM quoted company
operating the Rukwa Coal Project in southwest Tanzania (the
"Project" or "Rukwa"), is pleased to confirm operations recommenced
at Rukwa on Monday 3 August 2020. The Company is also pleased to
report there was minimal damage to the mine area from the
protracted rainy season, which finished whilst the mine was closed
as a result of the COVID-19 pandemic. Minor silt and sand build up
will be removed from the pit area, alongside repairs to the haul
road to the new northern pit. These are both expected to be
addressed within a week. Plant and equipment have also been
checked, with no material issues. As a result the Company expects
the first shipment of coal from the restart should take place early
next week, subject to customer truck availability.
As previously stated, Edenville's new strategic partner
Infrastructure Logistics Tanzania Limited ("ILTL") has provided a
Commencement Date for its operations of 1 September 2020. Until
ILTL has completed its mobilisation activities, Edenville will
continue to act as operator.
Commenting, CEO of Edenville Alistair Muir, said:
"I am delighted to confirm operations restarted at Rukwa
yesterday. We will now focus on satisfying the delivery of washed
coal for an existing client who has paid in advance. We also expect
to finalise the Sales & Marketing Agreement with ILTL this week
and will continue to work closely with them ahead of handing over
operatorship."
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014.
For further information please contact:
Edenville Energy Plc
Jeff Malaihollo - Chairman
Alistair Muir - CEO +44 (0) 20 3934 6630
SP Angel Corporate Finance
LLP
(Nominated Adviser)
David Hignell
Charlie Bouverat
Abigail Wayne +44 (0) 20 3470 0470
Brandon Hill Capital Ltd
(Broker)
Oliver Stansfield, Jonathan
Evans +44 20 7936 5200
IFC Advisory Limited
(Financial PR and IR)
Tim Metcalfe
Florence Chandler +44 (0) 20 3934 6630
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END
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