GreenRoc now on the EU radar after presentation on Amitsoq at the Greenland Business Mission. Watch the interview here.

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

Rukwa Update

1 Dec 2021 07:00

RNS Number : 1152U
Edenville Energy PLC
01 December 2021
 

1 December 2021

 

 

Edenville Energy Plc

("Edenville" or the "Company")

 

Rukwa Update

 

Edenville Energy Plc (AIM: EDL) is pleased to provide an update regarding the Company's Rukwa Coal Project ("Rukwa" or the "Project") in southwest Tanzania for the month of November 2021, as it continues to ramp up production.

 

November 2021 highlights

 

· 80% Increase in Run of Mine ("ROM") coal production from October 2021 level

· 10% Increase in washed coal production from October 2021 level

· Approximately 1,000 tonnes of washed coal sales

· Orders of 3,600 tonnes of coal for December 2021 delivery confirmed from two largest customers

 

In November 2021, the Company mined 4,026 tonnes of ROM coal versus 2,240 tonnes in October 2021, representing an 80% increase. Approximately 1,125 tonnes of washed coal was processed through the Company's wash plant, representing an increase of 10% from the October 2021 figure of 1,024 tonnes, which had benefited from historic stockpiles. A further 18,690 tonnes of waste was also moved, opening up greater access to the coal deposit for future mining.

 

November's production would have been significantly higher had it not been for extended mechanical issues with the main excavator, which was unable to be used for mining for 15 days whilst initial repairs were made and it was subsequently used for the installation of culverts, and the clearing of drainage channels, to prepare the site for the wet season. These operations have been completed and the excavator has recommenced full mining operations. Assuming the excavator is operational throughout December 2021 the Company believes it should be able to improve substantially on November's ROM coal production figures.

 

Approximately 1,000 tonnes of washed coal was sold during November 2021, with 200 tonnes remaining in stockpile. A combined order of 3,600 tonnes of washed coal has been reconfirmed by the Company with its two largest existing clients for December 2021, with the expectation of ongoing monthly orders of circa 3,600 tonnes per month thereafter. Discussions remain ongoing with respect to additional contracts with new potential customers. Further updates will be announced as appropriate.

 

Alistair Muir, CEO of Edenville, commented:

 

"November 2021 was both positive and frustrating. On the one hand ROM production continued to improve, but sadly operations were hampered by the excavator being offline for half of the month. The issues have been addressed and we look forward to continuing our progress on the mining front. As production becomes more stable we would expect to improve the recoveries from ROM to washed coal through the plant. Our sales book continues to improve and we are also now receiving unsolicited approaches from potential customers."

 

For further information please contact:

Edenville Energy Plc

Jeff Malaihollo - Chairman

Alistair Muir - CEO

+44 (0) 20 3934 6630

 

Strand Hanson Limited

(Financial and Nominated Adviser)

James Harris

Rory Murphy

 

 

+44 (0) 02 7409 3494

Brandon Hill Capital Ltd

(Broker) 

Oliver Stansfield

Jonathan Evans

 

+44 (0) 20 7936 5200

IFC Advisory Limited 

(Financial PR and IR) 

Tim Metcalfe

Florence Chandler

+44 (0) 20 3934 6630

 

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.

 

 

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 rns@lseg.com or visit www.rns.com.RNS 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.
 
END
 
 
UPDDKKBKCBDDPDN
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.