Recommencement of Mining Activities at Rukwa

RNS Number : 0048V

Edenville Energy PLC

04 August 2020

 

04 August 2020

EDENVILLE ENERGY PLC

("Edenville" or the "Company")

Recommencement of Mining Activities at Rukwa

Recommencement of Operations

Edenville Energy Plc (AIM: EDL), the AIM quoted company operating the Rukwa Coal Project in southwest Tanzania (the "Project" or "Rukwa"), is pleased to confirm operations recommenced at Rukwa on Monday 3 August 2020. The Company is also pleased to report there was minimal damage to the mine area from the protracted rainy season, which finished whilst the mine was closed as a result of the COVID-19 pandemic. Minor silt and sand build up will be removed from the pit area, alongside repairs to the haul road to the new northern pit. These are both expected to be addressed within a week. Plant and equipment have also been checked, with no material issues. As a result the Company expects the first shipment of coal from the restart should take place early next week, subject to customer truck availability.

As previously stated, Edenville's new strategic partner Infrastructure Logistics Tanzania Limited ("ILTL") has provided a Commencement Date for its operations of 1 September 2020. Until ILTL has completed its mobilisation activities, Edenville will continue to act as operator.

Commenting, CEO of Edenville Alistair Muir, said:

"I am delighted to confirm operations restarted at Rukwa yesterday. We will now focus on satisfying the delivery of washed coal for an existing client who has paid in advance. We also expect to finalise the Sales & Marketing Agreement with ILTL this week and will continue to work closely with them ahead of handing over operatorship."

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 Alistair Muir - CEO	[phone]
SP Angel Corporate Finance LLP (Nominated Adviser) David Hignell Charlie Bouverat Abigail Wayne	[phone]
Brandon Hill Capital Ltd (Broker) Oliver Stansfield, Jonathan Evans	[phone]
IFC Advisory Limited (Financial PR and IR) Tim Metcalfe Florence Chandler	[phone]

 

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