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.
Email this article to a friend
or share it with one of these popular networks:
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 |
Value | ![]() |
---|
Price Trend |
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
---|
Income | ![]() |
---|
Growth |
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
---|
No dividends found |
Time | Volume / Share Price |
09:07 | 1,000 @ 8.02p |
You are here: research