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Edenville Energy positive on its test programme

By BFN News | 07:54 AM | Wednesday 23 September, 2015


Edenville Energy (AIM:EDL), the company developing a coal to power project in south western Tanzania, has announced a loss for the six months ended 30 June 2015 of £421,819 (2014 H1: £533,265). It said there had been positive results from the surface test-pit programme in January demonstrating a significant quantity of high quality near surface coal. Sally Schofield, non-executive chairman, commented: "We are pleased with the level of progress that the company has made over the last six months, continuing along our path of developing the Rukwa Coal to Power Project. "The major milestone of commencing the formal review of the Rukwa Power Plant Feasiblity Study by the MEM and Tanesco and the submission of our mining licence application moves us ever closer to the development stage of the project. "We look forward to making further progress during the rest of the year, in particular with regard to the selection of EPC and financial partners." Story provided by StockMarketWire.com

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