REGISTER: Hear how PetroTal (PTAL) is increasing oil & gas production in Peru. Find out more at the focusIR Feb Investor Webinar. Sign up here.

Less Ads, More Data, More Tools Register for FREE
Sponsored Content
Don't want ads? Click here
Sponsored Content
Don't want ads? Click here

Pin to quick picksEDL.L Share News (EDL)

  • There is currently no data for EDL

Watchlists are a member only feature

Login to your account

Timelines are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Edenville Says Work Begins At Rukwa Coal Deposit With Access Upgrades

Wed, 18th May 2016 08:49

LONDON (Alliance News) - Edenville Energy PLC on Wednesday said preliminary earth works have commenced at the Mkomolo deposit site at its Rukwa coal-to-power project, with focus currently on widening and upgrading the access road.

The Tanzanian-based company said, after the Mkomolo deposit site was awarded a mining licence in late February, earth works commenced at the site, and the first task to be completed was the rebuilding of the river crossings close to the deposit.

Work is currently underway on widening and upgrading the access road which links the main highway to the deposit site and colonial pit area, Edenville said.

Edenville added that work will continue on road building and upgrading for several more weeks and, once completed, the mobile earthmoving equipment will be put to work improving access to three local villages, as part of its corporate social responsibility commitment.

Social licence to operate will be an essential part of the project's path to successful completion, Edenville said.

The company said it was in discussions with groups who have expressed an interest in partnering Edenville in the project and providing finance for its further development, saying it will provide an update of the status of the discussions in "the near future".

"I am extremely pleased our team in Tanzania have been able to mobilise equipment so rapidly and start work on improving access to the site. This will allow greater flexibility to carry out further site works including bulk sample excavation and geotechnical drilling for the pit, along with preparatory site investigations for the power plant," said Chairman and Chief Executive Rufus Short.

"This work is the first part of the much bigger development that will ultimately be an integrated coal to power project supplying electricity and providing employment to the Rukwa Region and south western Tanzania," Short added.

Shares in Edenville were down 0.4% at 0.0274 pence on Wednesday.

By Hannah Boland; hannahboland@alliancenews.com; @Hannaheboland

Copyright 2016 Alliance News Limited. All Rights Reserved.

More News
22 Jul 2020 14:36

IN BRIEF: Edenville Energy Secures USD1 Million Loan In Tanzania

IN BRIEF: Edenville Energy Secures USD1 Million Loan In Tanzania

Read more
10 Jun 2020 16:42

IN BRIEF: Edenville Energy Hires Nicholas von Schirnding As Director

IN BRIEF: Edenville Energy Hires Nicholas von Schirnding As Director

Read more
8 Jun 2020 14:40

Edenville Energy Raises GBP500,000, Inks Coal Mining Deal For Rukwa

Edenville Energy Raises GBP500,000, Inks Coal Mining Deal For Rukwa

Read more
7 Apr 2020 12:47

UK TRADING UPDATE SUMMARY: GCP Student Living Terminates Acquisition

UK TRADING UPDATE SUMMARY: GCP Student Living Terminates Acquisition

Read more
4 Mar 2020 14:25

Edenville Warns Rukwa Operations Could Be Hurt If Rain Persists

Edenville Warns Rukwa Operations Could Be Hurt If Rain Persists

Read more
27 Feb 2020 12:02

Edenville "Encouraged" By Progress At Rukwa Coal Project In Australia

Edenville "Encouraged" By Progress At Rukwa Coal Project In Australia

Read more
14 Feb 2020 16:10

UK Shareholder Meetings Calendar - Next 7 Days

UK Shareholder Meetings Calendar - Next 7 Days

Read more
23 Jan 2020 12:02

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

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

Read more
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.

Read more
11 Dec 2019 10:58

Edenville Energy Confident On Investment As It Signs Supply Deals

Edenville Energy Confident On Investment As It Signs Supply Deals

Read more
29 Nov 2019 13:18

Edenville Energy Needs More Cash As Rukwa Production Disappoints

Edenville Energy Needs More Cash As Rukwa Production Disappoints

Read more
29 Nov 2019 10:39

UK WINNERS & LOSERS SUMMARY: Ocado Jumps On Japan Platform Deal

UK WINNERS & LOSERS SUMMARY: Ocado Jumps On Japan Platform Deal

Read more
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.

Read more
28 Oct 2019 13:28

Edenville Energy Promotes Non-Executive Director Muir As CEO

Edenville Energy Promotes Non-Executive Director Muir As CEO

Read more
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.

Read more

Make Better Investment Decisions

Register for FREE

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.