In the 24/6 RNS the company say:31 Jul 2021 10:26
“The status of the agreement with Infrastructure and Logistics Tanzania Limited ("ILTL"), as announced on 8 June 2020, will be reviewed once production rates at Rukwa exceed 3000 tonnes per month”
You would guess this is a snip as they also say:
“In the event that all of these contracts materialise as anticipated in Q3 2021, this would equate to some 6,750-8,750 tonnes per month of washed call and 1,000-1,200 tonnes per month of fines”
Which is just shy of 8,000/10,000 tonnes a month
In addition they also say:
“Consistent with the positive sentiment in the region the Company is working on a number of other supply opportunities in the East African region, for which further expansion of production capacity at Rukwa may be required”
So it doesn’t look as if they are about to walk away from the mine, and imo would suggest the opposite.
Not forgetting”
“The Company has recommenced discussions with the Tanzanian Government and recently been invited to submit an unsolicited proposal for the supply of coal to an on-site power station owned and operated by the Tanzanian Government. The Tanzanian Government power planning programme shows the need for a base load plant by 2026”
All as the $455m Interconnector closes and the need for the Tanzanian Government to for fill their commitment to add to the Power Pools.
Looking goodeverything considered !!
aimhopdyor
Â