Edenville Energy PLC Tanzanian Legislative Changes (1267K)
05 July 2017 - 4:00PM
UK Regulatory
TIDMEDL
RNS Number : 1267K
Edenville Energy PLC
05 July 2017
5 July 2017
EDENVILLE ENERGY PLC
("Edenville" or the "Company")
Tanzanian Legislative Changes
Edenville Energy plc (AIM: EDL) notes recently drafted
legislation in Tanzania concerning natural resources projects. The
legislation recommends changes to the legal framework governing the
natural resources sector in Tanzania and Edenville will continue to
monitor any changes that may affect the situation in relation to
its Rukwa Coal Project (the "Project").
The Company would like to stress that Edenville has recently
gone through a comprehensive and complete permitting process for
the Project with both state and local government organisations,
along with the local community, and has received widespread support
to develop the Project to provide both energy and employment
opportunities to the people of Tanzania.
The Project is moving forward rapidly in its development and
employing a majority of local people and contractors. By the end of
July 2017, management estimate that up to 30 personnel will be
working at the site to mine coal and construct the wash plant which
will beneficiate the coal.
The Company will provide further updates as appropriate over the
coming weeks.
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 +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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