Edenville Energy PLC Project Update (6603M)
01 August 2017 - 4:00PM
UK Regulatory
TIDMEDL
RNS Number : 6603M
Edenville Energy PLC
01 August 2017
1 August 2017
EDENVILLE ENERGY PLC
("Edenville" or the "Company")
Project Update
Edenville Energy plc (AIM:EDL), the company developing a coal
project in south west Tanzania, is pleased to provide a further
update on the construction phase of the Company's Rukwa Coal
Project.
Upgrading of the newly constructed 16km mine haul road is now
largely complete and it will be fully accessable for both
construction and coal haulage trucks in the next week or so, having
already provided more limited, but useful, access over the past
month.
After a short delay, the unassembled wash plant is now scheduled
to arrive on site during the second week of August, with
construction commencing immediately upon arrival. The wash plant
site area is already cleared and in the process of being prepared
for the arrival and assembly of the wash plant. Work continues on
the stage one pit area using the newly purchased Volvo excavator
which arrived on site in July.
The Company is currently processing orders for coal and limited
deliveries of raw coal are scheduled to be dispatched to customers
from the second week of August. Following this the Company expects
to be in a position to supply a full washed coal product once the
wash plant is operating.
Rufus Short, CEO of Edenville, commented: "The team at Edenville
along with our contractors have put in great effort to move the
project forward to the stage where construction is now starting.
The next several weeks will see intense activity on site to
construct the plant and to also establish the mine as a fully
operational facility. I would also like to acknowledge the support
and cooperation from the local community who have helped us to get
to this stage so rapidly. I look forward to updating the market on
the progress of the wash plant construction and other operational
advances 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 +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
END
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