Less Ads, More Data, More Tools Register for FREE
Sponsored Content
Sponsored Content

Pin to quick picksEDL.L Regulatory News (EDL)

  • There is currently no data for EDL

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Replacement - Project Construction Update

25 Aug 2017 08:45

RNS Number : 9962O
Edenville Energy PLC
25 August 2017
 

This announcement replaces the notification of 7:00am today. It includes a link to a photograph of the screen component referred to in the announcement. The full text of the announcement is set out below.

 

 

25 August 2017

 

 

EDENVILLE ENERGY PLC

("Edenville" or the "Company")

 

 

Project Construction Update

 

Edenville Energy plc (AIM:EDL), the company developing a coal project in south west Tanzania, is pleased to provide an update on construction at the Company's Rukwa coal project site.

 

Key Points

 

·

Plant components delivered to site and construction commenced

 

·

Screen undergoing operational tests

 

·

Independent assay results returned positive raw coal values of 5,220Kcal / Kg and 15.7% Ash

 

·

Several groups expected to take delivery of coal in the coming weeks

 

·

Promotion of coal in East Africa region ongoing with assistance of a Marketing Agent

 

 

The majority of the wash plant components are now on site with the last shipment due for delivery next week. Construction has commenced with the concrete foundation pad for the drum section in the finals stages of completion. Emphasis has been placed on establishing the screen component as rapidly as possible and this is now completed and undergoing operational testing (see attached photo

 http://www.rns-pdf.londonstockexchange.com/rns/9962O_-2017-8-25.pdf).

This will allow sized coal to be distributed to customers who have requests pending.

 

Recent independent assay results carried out on the Mkomolo seam currently being exposed have returned raw coal values of 5,220Kcal / Kg ( 21.93Mj) and 15.7% Ash. We are very encouraged by these numbers and consider when this coal is processed through the wash plant a premium product can be obtained.

 

Stripping of overburden is exposing significant quantities of coal in readiness for the plant. Overburden at this stage is soft and friable which is helping to achieve high digging rates.

 

The completion of the screen will provide a consistently sized product and four groups are planning to take delivery of screened product shortly. We are in communication with others to take both screened coal and washed coal once the plant construction is completed.

 

In addition to the Company marketing the coal, we have an agent actively exploring new client possibilities in the region, including in Kenya, Rwanda and Uganda.

 

In parallel with the plant a laboratory is being built on site that will be able to provide proximate analysis data for quality control. This is scheduled to be operating at the same time as the plant.

 

We will continue to update the market on the progress of construction in the coming weeks.

 

 

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

 

For further information please contact:

 

 

 

Edenville Energy Plc

Jeff Malaihollo - Chairman

Rufus Short - CEO

+44 (0) 20 7652 9788

 

Northland Capital Partners Limited

(Nominated Adviser)

Gerry Beaney

David Hignell

 

 

+44 (0) 20 3861 6625

Optiva Securities Limited

(Broker)

Jeremy King

Graeme Dickson

 

 

+44 (0) 20 3137 1902

IFC Advisory

(Financial PR and IR)

Tim Metcalfe

Graham Herring

Heather Armstrong

 

+44 (0) 20 3053 8671

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
UPDUVOBRBSAWURR
Date   Source Headline
16th Aug 20237:00 amRNSAppointment of Joint Corporate Broker
15th Aug 20237:00 amRNSChange of Admission Date
3rd Aug 20235:40 pmRNSResult of AGM,Directorate Change,Director Dealings
10th Jul 20237:00 amRNSNotice of AGM
4th Jul 202311:14 amRNSHolding(s) in Company
30th Jun 20237:00 amRNSAnnual Results for the year ended 31 December 2022
22nd Jun 20232:51 pmRNSHolding(s) in Company
21st Jun 20235:43 pmRNSHolding(s) in Company
19th Jun 20235:28 pmRNSHolding(s) in Company
5th Jun 20239:30 amRNSHolding(s) in Company
2nd Jun 202311:25 amRNSHolding(s) in Company
2nd Jun 20237:00 amRNSProposed Change of Name
1st Jun 20239:05 amRNSStrategic Investment and Board Changes
24th May 202312:33 pmRNSHolding(s) in Company
23rd May 20234:01 pmRNSHolding(s) in Company
11th Apr 20237:00 amRNSRukwa Production Update
28th Mar 20239:16 amRNSRukwa Operational Update
24th Mar 20234:54 pmRNSHolding(s) in Company
9th Feb 20237:00 amRNSRukwa Operational Update
16th Dec 20229:07 amRNSHolding(s) in Company
14th Dec 20229:26 amRNSHolding(s) in Company
13th Dec 202211:38 amRNSHolding(s) in Company
13th Dec 202210:21 amRNSRejection of Unfair Dismissal Claim
7th Dec 20229:39 amRNSHolding(s) in Company
6th Dec 20227:00 amRNSPlacing to raise £0.4 million & Operational Update
9th Nov 20227:00 amRNSRukwa Operational Update & Corporate Update
13th Oct 20227:00 amRNSDirectors’ Dealings
11th Oct 20227:00 amRNSRukwa Coal Project Operational Update
29th Sep 20229:48 amRNSInterim Results
18th Aug 20225:20 pmRNSDirectors’ Dealings
16th Aug 20227:00 amRNSNew Coal Mining Agreement
4th Aug 20227:00 amRNSDirectorate Change
3rd Aug 20222:05 pmRNSSecond Price Monitoring Extn
3rd Aug 20222:00 pmRNSPrice Monitoring Extension
3rd Aug 202212:00 pmRNSCorporate Update
3rd Aug 202211:27 amRNSResult of AGM
8th Jul 20224:30 pmRNSNotice of AGM
5th Jul 20227:00 amRNSBoard Changes
30th Jun 20227:00 amRNSResults for the year ended 31 December 2021
31st May 20227:00 amRNSTermination of Coal Mining Agreement
26th May 20223:46 pmRNSHolding(s) in Company
18th May 20221:15 pmRNSOperational Update Rukwa Coal Project
4th May 20223:52 pmRNSOperational Update Rukwa Coal Project
3rd Feb 20221:20 pmRNSNew Coal Mining Agreement Signed
12th Jan 20227:00 amRNSAppointment of Broker
4th Jan 20227:00 amRNSAppointment of Interim Broker
7th Dec 20212:06 pmRNSSecond Price Monitoring Extn
7th Dec 20212:01 pmRNSPrice Monitoring Extension
7th Dec 202111:06 amRNSSecond Price Monitoring Extn
7th Dec 202111:00 amRNSPrice Monitoring Extension

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Track Your Investments

Register for FREE

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.