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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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27 Feb 2020 12:02

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23 Jan 2020 12:02

Edenville Energy Raises GBP700,000 To Secure Working Capital At Rukwa

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11 Dec 2019 13:35

Edenville signs two major supply contracts for Rukwa Project

(Sharecast News) - Edenville Energy announced the signing of two new significant contracts to supply washed coal from its flagship Rukwa Coal Project in Tanzania on Wednesday.

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11 Dec 2019 10:58

Edenville Energy Confident On Investment As It Signs Supply Deals

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29 Nov 2019 13:18

Edenville Energy Needs More Cash As Rukwa Production Disappoints

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29 Nov 2019 10:39

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29 Nov 2019 09:28

Edenville Energy secures loan to address immediate working capital requirements

(Sharecast News) - Tanzanian-focussed coal miner Edenville Energy has entered into an agreement with a private lender to secure a non-convertible loan of £100,000 in order to address its immediate working capital requirements.

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28 Oct 2019 13:28

Edenville Energy Promotes Non-Executive Director Muir As CEO

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28 Oct 2019 10:47

Edenville Energy confirms Alistair Muir as its new chief executive

(Sharecast News) - Edenville Energy, which is developing the Rukwa coal project in south west Tanzania, announced the appointment of Alistair Muir as its new chief executive officer on Monday, with effect from 1 November.

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