EDL to sell to African States24 Aug 2021 14:14
The Tanzania-focused firm said it now expects to sell around 2,000 tonnes of washed coal in the coming month, with guidance rising to 3,000 tonnes per month through the remainder of the year.
Chief Executive Alistair Muir said: "It's pleasing to see this turn around in business activity and we look forward to seeing further growth in sales over the next few months. The recent increase in coal prices out of South Africa would suggest there will be significant opportunities to sell our washed coal into the East African states."
With prices and confidence rising, Edenville said it has received an order of up to 3,500 tonnes per month of washed coal for its Rukwa project.