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Tanzanian Legislative Changes

5 Jul 2017 07:00

RNS Number : 1267K
Edenville Energy PLC
05 July 2017
 

 

5 July 2017

 

 

 

EDENVILLE ENERGY PLC

("Edenville" or the "Company")

 

Tanzanian Legislative Changes

 

Edenville Energy plc (AIM: EDL) notes recently drafted legislation in Tanzania concerning natural resources projects. The legislation recommends changes to the legal framework governing the natural resources sector in Tanzania and Edenville will continue to monitor any changes that may affect the situation in relation to its Rukwa Coal Project (the "Project").

 

The Company would like to stress that Edenville has recently gone through a comprehensive and complete permitting process for the Project with both state and local government organisations, along with the local community, and has received widespread support to develop the Project to provide both energy and employment opportunities to the people of Tanzania.

 

The Project is moving forward rapidly in its development and employing a majority of local people and contractors. By the end of July 2017, management estimate that up to 30 personnel will be working at the site to mine coal and construct the wash plant which will beneficiate the coal.

 

The Company will provide further updates as appropriate over 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
 
 
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