Shuka Minerals (SKA)

Sector:

Mining

Index:

FTSE AIM All-Share

 8.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 15.00p
  • 52 Week Low: 8.00p
  • Currency: UK Pounds
  • Shares Issued: 60.22m
  • Volume: 1,000
  • Market Cap: £5.12m

Edenville Energy secures washing plant and crusher to start coal production

By Maryam Cockar

Date: Thursday 23 Feb 2017

LONDON (ShareCast) - (ShareCast News) - Edenville Energy has secured a coal washing plant and crusher in order to start coal production at its Rukwa project in Tanzania.
The AIM-listed company hopes to complete the purchase of the wash plant and coal crusher soon after its shareholder meeting on 17 March 2017.

The wash plant is based on a dense medium separation system which will enable several different product specifications to be produced to allow flexibility in providing bespoke products.

Edenville has also appointed a plant engineer for shipment of the equipment and construction at the project.

Chief executive Rufus Short said: "The wash plant is an integral part of the process to maximise the Rukwa coal deposit's potential and we are confident we have selected a suitable system.

"We believe our coal wash plant will be the only such facility operating commercially in Tanzania and will place us in a strong position. We have significant interest in our coal from several different parties and the wash plant will enable the operation to deliver a consistent specified product to the local and regional market."

Shares in Edenville Energy were up 0.41% to 0.854p at 0949 GMT.

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Shuka Minerals Market Data

Currency UK Pounds
Share Price 8.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 15.00p
52 Week Low 8.00p
Volume 1,000
Shares Issued 60.22m
Market Cap £5.12m

Shuka Minerals Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
54.65% below the market average54.65% below the market average54.65% below the market average54.65% below the market average54.65% below the market average
8.57% below the sector average8.57% below the sector average8.57% below the sector average8.57% below the sector average8.57% below the sector average
Income Not Available
Growth
57.80% above the market average57.80% above the market average57.80% above the market average57.80% above the market average57.80% above the market average
60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average

Shuka Minerals Dividends

No dividends found

Trades for 21-Jun-2024

Time Volume / Share Price
09:07 1,000 @ 8.02p

Shuka Minerals Key Personnel

CEO Noel Lyons

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