Edenville Energy PLC Rukwa Operations Update (6370W)
August 20 2020 - 2:00AM
UK Regulatory
TIDMEDL
RNS Number : 6370W
Edenville Energy PLC
20 August 2020
20 August 2020
EDENVILLE ENERGY PLC
("Edenville" or the "Company")
Rukwa Operations Update
Edenville Energy Plc (AIM: EDL), is pleased to provide a short
update on operations at its Rukwa Coal Project in southwest
Tanzania (the "Project" or "Rukwa").
The Company is pleased to advise the wash plant at Rukwa
recommenced operations on 19 August 2020, following on from the
recommencement of mining activities in the Northern Pit on 3 August
2020.
Edenville can also confirm that the required repairs and
upgrades to both the main access road and also the road from the
northern pit to the wash plant have now been completed following
the damage caused by the unusually heavy rainy season earlier this
year.
Finally, as previously announced, Edenville recently received
pre-payment for coal from an existing customer. This order has been
satisfied with Edenville meeting its obligations. The coal is ready
for collection, pending the arrival of the client's trucks at
site.
Commenting, CEO of Edenville Alistair Muir, said:
"With the wash plant being reactivated, the site is now
operational for the ongoing mining and processing of Rukwa coal,
ahead of the upcoming handover of operations to our strategic
partner Infrastructure Logistics Tanzania Limited ("ILTL") on 1
September 2020.
"Prior to this the Company expects to finalise and enter into
the previously outlined Sales & Marketing Agreement, which will
see ILTL take on an anchor tenancy of up to 5,000 tonnes per month
of washed coal, whilst also using its logistics and distribution
network to complement Edenville's existing efforts to expand its
sales.
"I look forward to providing shareholders with further updates
in due course."
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 (0) 20 7936 5200
IFC Advisory Limited
(Financial PR and IR)
Tim Metcalfe
Florence Chandler +44 (0) 20 3934 6630
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contact rns@lseg.com or visit www.rns.com.
END
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