Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Reliability is a key requirement for any contract, I hope steps are being taken to cover breakdowns.
No mention of the CPP talks?
You’re a clairvoyant…!
Get the feeling mechanical issues wouldn’t gave increased Nov sales, though. Maybe the rainy season will get people buying a bit more…?
So it’s down to December’s 3600 leaving the yard and being paid for…
....7am?
Edenville, in last RNS, announced "The Company has received orders from its existing customers for 3,600 tonnes of washed coal for November 2021"
So have they delivered over 3,000 tonnes in November? They should know at the very latest tomorrow. If no RNS by close of market tomorrow I will consider that they have failed.
That's not to say they have produced 3,000 tonnes in November, remember they have stockpiles of coal that the have and will use to fill orders. They stated "1,069 tonnes of washed coal was sold domestically in October 2021, which included all of the month's production and part of the existing stockpile" so we know they are using stockpiles to fill orders as they can't produce enough.
Remember, they produced 400 tonnes in September, 1,024 in October (a 150% increase on September, hence why I state they produced 400 in September), so a 600 tonne increase. Does anyone actually think they are going to produce anywhere near 3,000 tonnes in November? So the delay in the handover continues.
Alistair, did you deliver on November's orders, or not? Simple question, which I hope is answered in the morning
So how long before Edenville have to shut down because of Omicron?
Will it be Omicron then the rainy season?
Let's see if Tanzania is added to the red list in the next few days
I suspect we could probably build a small CFPP near Rukwa in a few years, but we've got to go through the process of getting to build approval first. That timeline doesn't bear thinking about as things stand.
With no-one currently saying they'll pay for it, you're back to square one in terms of feasibility study, commercial VfM / BCR etc.
Like I said earlier, at the moment it is still nothing but a pure dream regarding the a CFPP business model.
But, if (and it is a big if) we can actually get to breakeven, that changes things massively, because we can then potentially wait on the sidelines for something bigger to come along. The potential downside is shareholder return, whatever that means. GLA
My view is that Edenville either sell up and get out of coal or we will just burn through the cash that's left. Edenville just haven't historically been able to process coal in the quantities required to power a CFPP or even to satisfy the multiple ,000's of tonnes they keep saying they have contracts pending for.
If it's going to take 10 years from now until they fore up this CFPP, think of the dilution and consolidation Edenville would need to undertake just to survive, based on what we know.
Indeed they are, but I'm not aware they've started building it (are they still going through land compensation?). Wasn't it a 10year build programme?
Sinoma are going ahead with a $1B cement factory in Tanga this includes a 1200 mgw coal fired power station.
There is no commitment or funding for a CFPP - we can't raise that sort of money and I can't see the Tanzanian government finding a big enough sofa with the kind of money they need stuffed down the back of it. The World Bank don't fund CFPPs anymore and China's investment in power stations is now locally focused.
The interconnector and sub-station brings opportunity, but it doesn't get away from the need for a very large capital outlay on a power plant. And there is also the question as to whether the business case can still stack up given the potential phase out following COP26.
It is still, 8years+ in the making, a dream for us as shareholders. Nothing more, yet.
The power plant has and still is EDL's main target, the construction of which would have been well underway if it hadn't been stopped by Magafuli.
Who will now construct, finance and complete this project with the ability to have it up and running on time remains to be seen, with luck we may get some info from the recent talks with the TZ gov.
The current resource and expanded area make EDL the obvious choice for the coal supply not only to the Rukwa project but to other CFPPs.
In the next 2 weeks we should have a update on production and the 3600 tonnes of washed coal for November.
for the Sumbawanga part its looks nailed on for EDL to supply the small power plant. but hey ho what I know...
see procurement tab...
https://projects.worldbank.org/en/projects-operations/project-procurement/P163752
this is the link I have been following for couple of years, check it out its all kicking of now....
we smack back in the middle of Sumbawanga.
https://projects.worldbank.org/en/projects-operations/project-detail/P163752
Sandal,
I get all that, but CFPP don't appear for free over night. No one in Tz is going to wake up on Christmas morning and find a fully funded, fully functional CFPP in their stocking.
Sumbawanga is the key who going to supply the source of the power plant...
All this 3,000 ton blah blah is all rubbish it's all about the interconnect for me edl coal hopefully will be the source for the electricity...
Historically Edenville have been able to get some coal out of the ground, the key question is whether they can scale it up and get 3,000, 4,000 up to 12,000 tonnes a month. They had planned to handover over the mine, so presuming they didn't think they could up the mine output.
What has changed now that Edenville feel they can get 3,000 tonnes a month out the front door?
I think it will be the usual dross with very little in the way of positives, just hope I`m wrong and they finally start to show some real progress on a decent scale. GLA
Not long until end of the month... let's see if we get an update on production vols...
This has to be the worst company I have ever invested in and it won`t be long before I sell up and just live with the losses.
They've
They certainly taken some money out of the company over the years
September 2013 - we published the results from the scoping study which recommended a coal to power project.
Over 8 years ago. I dread to think how much money we have raised over that time, although I'm sure plenty understand how much it's diluted their investment.
I was half through writing that exact post at the weekend and got distracted.
I don't want to diss the Tz government, but just don't see them finding millions of $$ to build it and if they do find the $$, how long will this take to get through planning, permissions, finding a contractor etc etc. Building through the rainy season each year. It's just difficult to picture it actually happening