Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

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

Rukwa Production Update

11 Apr 2023 07:00

RNS Number : 7160V
Edenville Energy PLC
11 April 2023

11 April 2023


("Edenville" or the "Company")

Rukwa Production Update


Edenville Energy Plc (AIM: EDL) is pleased to provide a production update regarding its Rukwa Coal Project ("Rukwa").

A total of 594 tonnes of coal were washed at Rukwa in March 2023. Of this, 512.5 tonnes of coal were washed from 20 to 31 March 2023, due to improved weather conditions and operational performance of the wash plant.

As stated in the operational update announcement on 28 March 2023, the Company had established a substantial stockpile of run of mine coal ("ROM"). However, the subsequent washing of the ROM has been hampered by its moisture content, given the ongoing rainy season in Tanzania. In dry periods the moisture content is reduced sufficiently to enable the ROM coal to be processed and washed. Such a period was experienced during the second half of March, which enabled the wash plant to operate for at least four hours per day (50% of the current eight-hour shifts) on six occasions. On these days the wash plant averaged over 10 tonnes per hour of throughput, the Company's target production rate to achieve an initial 2,500 tonnes per month of washed coal.

Accordingly, whilst Edenville expects washed coal figures to continue to be volatile during April 2023, the Company is encouraged by the results and evidence suggesting following the end of the rainy season (typically May in Tanzania) Rukwa will be in a position to deliver on its initial production targets. As reported on 9 February 2023, the Company has agreed terms to supply 2,000 tonnes of washed coal per month at a pre-transport price of US$98 per tonne (net price to the Company of US$55 per tonne), from June 2023.

The Company also continues to investigate the merits of bringing an additional wash plant to Rukwa given the ongoing discussions with potential customers that have indicated demand for an additional 8,000-10,000 tonnes per month of washed coal. Non-equity avenues of funding to acquire an additional wash plant continue to be explored.

Additionally, the Company has undertaken significant work over the last few months with a view to expanding the resource and has identified an additional accessible coal seam at Rukwa to increase the potential of the project.

Noel Lyons, CEO of Edenville, commented: "Performance at Rukwa during the second half of March was much improved and suggested we have the potential to achieve our initial and contracted base case production target of 2,500 tonnes per month once the rainy season concludes. Confirmation that when the plant is able to operate it is doing so at a rate that will achieve these levels of production is very encouraging.

"There are also other areas where we will continue to target improvements and work at site has also now identified a further potential seam to be mined. Additionally, in conjunction with the work at Rukwa, we remain focused on securing potential new and exciting coal opportunities."

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018.


For further information please contact:

Edenville Energy Plc

Via IFC Advisory

Noel Lyons - CEO

Strand Hanson Limited

+44 (0) 20 7409 3494

(Financial and Nominated Adviser)

James Harris

Richard Johnson

Tavira Securities Limited

+44 (0) 20 7100 5100


Oliver Stansfield

Jonathan Evans

IFC Advisory Limited

+44 (0) 20 3934 6630

(Financial PR and IR)

Tim Metcalfe

Florence Chandler


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact or visit may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
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.

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.