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Edenville inks largest single coal contract to date

Tue, 09th Oct 2018 13:45

(Sharecast News) - Edenville Energy has inked a "significant contract" for the supply of a specialised coal product with an unnamed East African industrial outfit.The Tanzanian-focussed coal miner signed a two-year contract on Tuesday that will see the AIM-listed firm supply its mysterious African client with 3,500-6,000 tonnes of coal with a gross calorific value of 5,500 kCal per kilogram per month.While Edenville did not reveal any numbers, the group said that it had agreed upon pricing with its customer, based on local commercial rates.Edenville told investors it had been working with the customer "for some time" to create a product specifically suited to its operations and that it had been supplying the East African outfit with test batches of coal.The group also highlighted the fact that upgrades currently being undertaken at its Rukwa project site will ensure this contract, along with its other customer deliveries, can be met.Chief executive Rufus Short, said: "I am very pleased we have formalised this relationship and have secured Edenville's largest single coal contract to date. We look forward to supplying this customer with coal from our operation in Tanzania and we will continue to work with them to ensure their needs are met.""With this contract, we now have in excess of 8,000 tonnes per month of regular orders and are busy implementing the expansion plans at site."As of 1345 BST, Edenville shares had picked up 1.96% to 0.27p.
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10 Nov 2022 15:52

TRADING UPDATES: Vertu Motors sizes up acquisition; Ondo's Hiscox deal

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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11 Oct 2022 12:21

LONDON MARKET MIDDAY: Recession fear, wild bond market spook investors

(Alliance News) - Stock prices in were firmly in the red on Tuesday afternoon, with UK government bond market volatility among an ever-growing list of worries for investors.

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11 Oct 2022 11:45

Edenville Energy says upgrades to plant rectifying poor performance

(Alliance News) - Edenville Energy PLC on Tuesday said production has restarted at its Rukwa project following planned servicing and repairs on the main machinery and wash plant.

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29 Sep 2022 14:52

EARNINGS UPDATES: Volvere says interim performance below expectations

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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16 Aug 2022 15:26

Edenville signs deal with mine operator Brahma

(Sharecast News) - Edenville has signed an agreement with Brahma Energies, it announced on Tuesday, to secure production and sales of at least 4,000 tonnes of washed coal per month at its Rukwa Coal Project in Tanzania, potentially rising to at least 6,000 tonnes after two months.

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16 Aug 2022 11:53

Edenville unveils new Rukwa coal mining agreement, shares fall

(Alliance News) - Edenville Energy PLC on Tuesday announced a new coal mining agreement in Tanzania which will yield a "low" sales price for Rukwa coal versus international prices.

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3 Aug 2022 15:57

TRADING UPDATES: Ensilica expects annual profit ahead of expectations

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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27 Jul 2022 16:11

UK shareholder meetings calendar - next 7 days

Thursday 28 July 
B&M European Value Retail SAAGM
Braemar Shipping Services PLCAGM
CMC Markets PLCAGM
CMC Markets PLCGM re proposed related party transaction
CYBA PLCAGM
De La Rue PLCAGM
discoverIE Group PLCAGM
Eight Capital Partners PLCAGM
Eurasia Mining PLCAGM
GB Group PLCAGM
Global Smaller Companies Trust PLCAGM
Graft Polymer (UK) PLCAGM
Ingenta PLCAGM
Mediclinic International PLCAGM
Octopus Renewables Infrastructure Trust PLCGM re investing in offshore wind farms in core focus
Oxford Instruments PLCAGM
RentGuarantor Holdings PLCAGM
Tate & Lyle PLCAGM
Ted Baker PLCAGM
Friday 29 July 
Eneraqua Technologies PLCAGM
Global Ports Holding PLCGM re elections of Ajini and Iosifakis as directors
Palace Capital PLCAGM
ProCook Group PLCAGM
Record PLCAGM
Rogue Baron PLCAGM
Sirius Real Estate LtdAGM
Standard Chartered PLCGM re approving HY announcement, interim dividend
Monday 1 August 
Cranswick PLCAGM
Tuesday 2 August 
Caffyns PLCAGM
Syncona LtdAGM
Tanfield Group PLCAGM
Wednesday 3 August 
Block Energy PLCAGM
Molten Ventures PLCAGM
Cambium Global Timberland LtdGM re wind-up
John Wood Group PLCGM re Built Environment sale
Sequoia Economic Infrastructure Income Fund LtdAGM
Edenville Energy PLCAGM
RiverFort Global Opportunities PLCAGM
Conduity Capital PLCAGM
Scirocco Energy PLCAGM
D4t4 Solutions PLCAGM
  
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5 Jul 2022 10:23

IN BRIEF: Edenville hires Noel Lyons as new chief executive officer

Edenville Energy PLC - London-based developer of Tanzania's Brownfield Rukwa coalfields - Appoints Noel Lyons as new chief executive officer, as Alistair Muir has stepped down with immediate effect. Lyons says: "Given my ongoing operational experience in Africa I believe we are well positioned to optimise the proposed expansion of Rukwa, both in terms of production rates and sales. I look forward to providing shareholders with a more comprehensive update on this in the near future."

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30 Jun 2022 13:59

EARNINGS UPDATES: UK Oil & Gas and 7digital post widened losses

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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31 May 2022 14:20

IN BRIEF: Edenville cancels coal project contract with Nextgen

Edenville Energy PLC - London-based developer of Tanzania's Brownfield Rukwa coalfields - Resumes full control of Rukwa coal project in Tanzania, terminating its contract with Nextgen Coalmine Ltd. "All mining equipment has been brought back into service by the company, whilst an additional pre-strip excavator has been added to the fleet," firm explains. Edenville is sourcing three additional trucks to scale production. Targets monthly sales of 5,000 tonnes of washed coal from the end of the third quarter of 2022. As comparison, Edenville sold 610 tonnes of washed coal over the three months between February 1 and April 30. Aims to maximise cash returns, reiterating "the attractive pricing forecast over the coming years".

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31 May 2022 12:29

Edenville terminates mining deal with Nextgen at Rukwa

(Sharecast News) - Edenville Energy updated the market on the operation of its Rukwa coal project in Tanzania on Tuesday, announcing the termination of its coal mining agreement with Nextgen.

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18 May 2022 17:49

Edenville in talks with NextGen to vary Tanzanian mining contract

(Alliance News) - Edenville Energy PLC on Wednesday said it is in talks with NextGen Coalmine Ltd to vary the existing mining contract the companies have.

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4 May 2022 20:54

TRADING UPDATES: Residential Secure Income acquires 39 new homes

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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3 Feb 2022 22:31

TRADING UPDATES: Alliance Pharma to appeal; Braemar sales to rise

TRADING UPDATES: Alliance Pharma to appeal; Braemar sales to rise

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