Shuka Minerals (SKA)

Sector:

Mining

Index:

FTSE AIM All-Share

8.50p
   
  • Change Today:
    -0.25p
  • 52 Week High: 15.00
  • 52 Week Low: 8.00
  • Currency: UK Pounds
  • Shares Issued: 60.22m
  • Volume: 162,863
  • Market Cap: £5.12m

Edenville continues to ramp-up production at Rukwa in October

By Josh White

Date: Friday 05 Nov 2021

LONDON (ShareCast) - (Sharecast News) - Edenville Energy updated the market on its Rukwa Coal Project in southwest Tanzania on Friday, reporting the ongoing ramp-up of production and sales through October, towards a target output of 3,000 tonnes per month of washed coal later in the year.
The AIM-traded fim said it mined 2,240 tonnes of run-of-mine coal during the month, and produced 1,024 tonnes of washed coal through its wash plant, representing an increase of over 150% on the September figures.

A further 7,680 tonnes of waste was also moved, thus opening up greater access to the coal deposit.

Edenville sold a total of 1,069 tonnes of washed coal domestically in October, which included all of the month's production and part of the existing stockpile.

The company said it had received orders from existing customers for 3,600 tonnes of washed coal for November, and had now expanded operations to a 12-hour shift to meet that increasing demand.

It said the team on site was looking to reach and then maintain a daily production rate of 160 tonnes of washed coal, with production on 3 November coming in at 140 tonnes.

Discussions were ongoing with additional customers, the board added.

"I am pleased to report further progress last month, with a significant increase in production, processing and sales following upgrades to the site in the third quarter," said chief executive officer Alistair Muir.

"I believe the company remains on track to meet its stated objective of selling at a rate of 3,000 tonnes per month of washed coal by the end of the year."

At 1013 GMT, shares in Edenville Energy were up 2.04% at 25p.

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Shuka Minerals Market Data

Currency UK Pounds
Share Price 8.50p
Change Today -0.25p
% Change -2.86 %
52 Week High 15.00
52 Week Low 8.00
Volume 162,863
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
35.89% below the market average35.89% below the market average35.89% below the market average35.89% below the market average35.89% below the market average
11.27% above the sector average11.27% above the sector average11.27% above the sector average11.27% above the sector average11.27% above the sector average
Income Not Available
Growth
57.57% above the market average57.57% above the market average57.57% above the market average57.57% above the market average57.57% above the market average
60.66% above the sector average60.66% above the sector average60.66% above the sector average60.66% above the sector average60.66% above the sector average

Shuka Minerals Dividends

No dividends found

Trades for 14-Jun-2024

Time Volume / Share Price
09:54 8 @ 8.00p
09:54 55 @ 8.00p
09:54 30,000 @ 8.25p
09:53 32,800 @ 8.53p
09:19 25,000 @ 8.55p

Shuka Minerals Key Personnel

CEO Noel Lyons

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