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Edenville Warns Rukwa Operations Could Be Hurt If Rain Persists

Wed, 04th Mar 2020 14:25

(Alliance News) - Edenville Energy PLC on Wednesday said there may be "potential for further disruption" of mining at its Rukwa coal asset in Tanzania.

The region experienced one of the wettest rainy seasons "for many years", Edenville explained.

The firm said: "Should this continue throughout March there is the potential for further disruption to mining operations ahead of the expected end of the rainy season in late April."

The company expects to begin mining from the northern area of Rukwa in March. Edenville added that its wash plant restarted continuous operations on Tuesday.

Edenville said: "As announced on February 27, a stockpile of approximately 6,000 tonnes of unwashed run of mine coal, which was mined from the southern pit at Rukwa, has been established adjacent to the wash plant. The wash plant is currently processing ore from that stockpile ahead of the first customer pick-up which is scheduled for March 11."

Shares were 2.2% lower at 0.044 pence each in London on Wednesday afternoon.

By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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