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Edenville Energy scores East African supply conract

Wed, 22nd Aug 2018 09:03

(Sharecast News) - AIM-listed firm Edenville Energy has inked a two-year coal supply contract with an East African industrial group.Edenville, which is developing a coal project in southwest Tanzania, will provide its unnamed customer with as much as 4,000 tonnes of coal with a gross calorific value greater than 4,800 per month.While no numbers were disclosed, Edenville said the pair had already agreed on pricing, based on calorific content and local commercial rates.Rufus Short, chief executive of Edenville, said, "I am very pleased our team have been able to work alongside this customer to ensure their needs are met and that the company can look forward to supplying the customer coal for at least the next two years."Edenville has been working with its mystery customer to optimise the duo's product and transport options and is currently undertaking upgrades at its project site to ensure the contract, along with its other customer deliveries, can be met.As of 0900 BST, Edenville shares had surged 12.28% to 0.32p.

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(ShareCast News) - Edenville Energy, the company developing a coal to power project in south western Tanzania, posted a half-year report for the six months to 30 June on Friday. During the period, the AIM-traded company was granted a mining licence over the Mkomolo deposit, and initiated the site up

24 Aug 2016 12:22

Edenville Energy appoints non-executive chairman

(ShareCast News) - Edenville Energy has appointed geologist Jeffrey Malaihollo as non-executive chairman, effective from 1 September. Edenville is developing a coal-to-power project in south western Tanzania. It noted that Malaihollo brought significant corporate and mining experience, and that he

15 Aug 2016 15:18

Edenville sees opportunity in Tanzania coal import ban

(ShareCast News) - Tanzania-focused coal-to-power project developer Edenville Energy updated the market on the latest developments with regard to the project on Monday. The AIM-traded firm said that on 10 August 2016 the Tanzanian Ministry of Energy and Minerals announced a directive banning the imp

12 Aug 2016 12:23

Edenville Energy board proposes major share reorganisation

(ShareCast News) - Tanzania-focused coal-to-power project developer Edenville Energy announced a proposed reorganisation of its share capital on Friday. The AIM-traded firm's board said it believes that "significant progress" has been made over recent months on several areas of the power plant devel

12 Aug 2016 09:37