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."
Edenville says Lyons has over 30 years of experience in the oil, gas and mining sector, mainly in Africa and the Middle East. He is the founder of Clean Invest Africa PLC.
The company also announces that Nick von Schirnding has been appointed as non-executive chair, along with Andre Hope as a non-executive director.
"It is the intention of the incoming executive Board members to spend significant time in Tanzania and retain and relocate certain experienced personnel from other existing African coal operations, which they are associated with, to Tanzania," company says.
Current stock price: 14.20 pence, up 11% in London on Tuesday
12-month change: down 56%
By Xindi Wei; xindiwei@alliancenews.com
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