Edenville Energy PLC - developer of Tanzania's Brownfield Rukwa coalfields - Says mining and processing is ramping up at Rukwa project following site preparation. Says it has been focused on preparing the site to meet the expected demand for Rukwa coal which focused on overburden pre-strip, with a total of 13,000 tonnes of material being removed in September.
Explains this has also enabled a further 4,000 tonnes of run of mine coal to be delivered to the existing wash plant stockpile. Further, it has now provided access on an ongoing basis to coal from the Northern Zone of the Rukwa deposit. Edenville is also in the process of providing further sample sizes to a potential customer in East Africa who has indicated a demand for 3,000 tonnes per month of washed coal upon confirmation of suitability. The existing processing facilities have a capacity of 12,500 tonnes per month and is confident it will be able to satisfy any additional demand.
Current stock price: 22.80 pence
Year-to-date change: down 17%
By Arvind Bhunjun; arvindbhunjun@alliancenews.com
Copyright 2021 Alliance News Limited. All Rights Reserved.
