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Edenville reviewing options to increase wash plant throughput

By BFN News | 09:43 AM | Thursday 23 November, 2017


Tanzania-focused Edenville Energy said that following the start of washed coal production, announced on 9 Oct, processed coal was currently being delivered on commercial terms to a number of customers in Tanzania and neighbouring countries. It said these initial, "test shipments", currently totalling over 1,000 tonnes, were to parties that had expressed interest in placing long-term coal orders, subject to finalising pricing and quality, that in total could exceed the initial planned output of 10,000 tonnes per month, which was targeted to be achieved by the end of January. Edenville said that in order to deliver product to meet this expected demand, it was reviewing options to further optimise the efficiency and throughput of the wash plant. It said: 'Pre-screening of coal measures is currently occurring and the option is being reviewed to install a purpose built pre-screening mechanism that reduces the level of fine material that enters the plant providing more capacity for the washing of sized coal, which is our optimum product. 'Any investment in a pre-screening mechanism is expected to be undertaken using the company's current financial resources. Coal to Power Project Edenville said that along with its partner Sinohydro Corporation of China, it had recently taken part in senior management meetings with Tanesco, the Tanzanian State Electricity Company, to agree on the route forward for development of the planned mine mouth power plant at the company's Rukwa coal project site in the Sumbawanga Region of Tanzania. Several areas were covered including the size of the project, the proposed structure of a Power Purchase Agreement (PPA), tariff levels, and connectivity into the planned transmission line that will pass through the Sumbawanga Region. The company said further discussions and clarification between the parties on these and other matters could then lead to a structured agreement between the parties to move the project forward in line with the planned construction by Tanesco of the transmission line and substation infrastructure at Sumbawanga. At 9:43am: (LON:EDL) Edenville Energy PLC share price was -0.02p at 0.55p Story provided by StockMarketWire.com

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