Edenville Energy PLC AGM Statement (0780J)
June 26 2017 - 2:00AM
UK Regulatory
TIDMEDL
RNS Number : 0780J
Edenville Energy PLC
26 June 2017
26 June 2017
EDENVILLE ENERGY PLC
("Edenville" or the "Company")
AGM Statement
At the Annual General Meeting of Edenville Energy plc (AIM:EDL)
to be held later today, Jeff Malaihollo, Chairman of the Company,
will make the following statement:
"2016 was a year of significant advancement for Edenville and
the pace of development has accelerated during the first half of
2017.
"The coal wash plant is currently clearing Tanzanian customs and
will shortly be on route to our Rukwa project site. With the new
site access road nearing completion along with other recently
purchased mining equipment arriving on site, we remain on track to
start producing processed coal during Q3 2017.
"Substantial interest has been shown from prospective purchasers
of our coal and we anticipate entering into formal commercial
supply contracts when the plant is operational.
"Alongside the start up of the mine we have continued to advance
the Power Project. The formal request at the end of May 2017 from
the Ministry of Energy and Minerals of Tanzania for the Company to
proceed with the development of its Rukwa Coal to Power Project was
a significant step forward and demonstrated the Tanzanian
Government's wish to develop power in the region.
"Working alongside Sinohydro Corporation of China we continue in
detailed discussions with The Tanzanian Electric Supply Company
("Tanesco") to further define the size and structure of the project
and any associated transmission infrastructure that will be needed
to take the electricity.
"With the mine and wash plant commissioning imminent and
significant progress being made towards defining the Power Project
parameters we expect the coming months and years to be
transformational for the Company."
For further information please contact:
Edenville Energy Plc
Jeff Malaihollo - Chairman +44 (0) 20 7652
Rufus Short - CEO 9788
Northland Capital Partners Limited
(Nominated Adviser)
Gerry Beaney +44 (0) 20 3861
David Hignell 6625
Optiva Securities Limited
(Broker)
Jeremy King +44 (0) 20 3137
Graeme Dickson 1902
IFC Advisory
(Financial PR and IR)
Tim Metcalfe
Graham Herring +44 (0) 20 3053
Heather Armstrong 8671
This information is provided by RNS
The company news service from the London Stock Exchange
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