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Edenville Energy obtains mining approval in Tanzania

By BFN News | 09:40 AM | Tuesday 01 July, 2014


Edenville Energy (AIM:EDL), the African coal exploration and development company, has announced that its Tanzanian entity, Edenville International Tanzania ("EITL") has been awarded the Environmental Impact Assessment ("EIA") Certificate which approves coal mining at the Namwele and Mkomolo coal deposits near Lake Rukwa in Tanzania. After extensive field studies and analysis over 2012 and 2013 in conjunction with its Tanzanian environmental consultants, Tansheq, and completion of reviews and site visit from the Tanzanian Authorities, the EIA report was submitted to the National Environment Management Council ("NEMC") at the end of last year. Rufus Short, CEO of Edenville Energy, said: "We are very grateful to all who have been involved in carrying out the work to obtain the EIA certificate. Our consultants in Tanzania and South Africa, NEMC and the Tanzanian Government have all played a part in moving the assessment along towards a positive conclusion. "We are excited about receiving the approval of the EIA as it is a critical milestone in the development of the Rukwa Coal to Power Project. It is a key deliverable for Edenville and provides the cornerstone from which to move forward with the coal mine development plan. It gives confidence to our current and potential partners in the power plant development that an accessible source of fuel will be available, significantly de-risking the overall coal-to-power project. "The certificate covers coal mining activities with the next steps towards mining including the completion of a feasibility study on the Coal to Power Project and the subsequent conversion of current Prospecting Licences and Primary Mining Licences into full Mining Licences. Further environmental studies and approvals will be required as part of the development process for a power plant." At 9:40am: (LON:EDL) Edenville Energy PLC share price was +0.02p at 0.08p Story provided by StockMarketWire.com

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