9 Oct 2017 07:00
9 October 2017
EDENVILLE ENERGY PLC
("Edenville" or the "Company")
Start of Washed Coal Production
Edenville Energy plc (AIM:EDL), the company developing a coal project in south west Tanzania, is pleased to announce that, further to the announcement of 29 September 2017, commissioning and testing of the wash plant at the Company's Rukwa Coal Project site has now been completed and the plant is producing washed coal for sale.
The wash plant is now processing material to fulfil requests for coal that have already been made. Management expects production levels to increase over the coming months and are currently targeting production of at least 10,000 tonnes per month by January 2018. A range of sizes of washed coal will be produced to allow the product to meet specific end user requirements.
Rufus Short, Edenville CEO commented: "The start of production of washed coal is a major milestone for Edenville. It is just over eight months since we decided to proceed with development of the Rukwa Coal Project and I am delighted that we have been able to move into production so quickly, despite some challenges along the way.
"We look forward to providing futher updates on the progress of the project in the coming weeks, including with regard to coal sales and contracts."
Total Voting Rights Update
In accordance with the Financial Conduct Authority's Disclosure and Transparency Rules, the Company hereby announces that it has 1,336,317,799 ordinary shares of 0.02p each in issue, each share carrying the right to one vote ("Ordinary Shares"). The Company does not hold any Ordinary Shares in treasury. The above figure of 1,336,317,799 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.
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 Jamie Spotswood
|
+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 |