Shuka Minerals (SKA)

Sector:

Mining

Index:

FTSE AIM All-Share

 10.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 15.00
  • 52 Week Low: 5.50
  • Currency: UK Pounds
  • Shares Issued: 60.22m
  • Volume: 82,975
  • Market Cap: £6.02m

Edenville completes construction of Rukwa Coal wash plant

By Josh White

Date: Friday 29 Sep 2017

LONDON (ShareCast) - (ShareCast News) - Edenville Energy announced on Friday that construction of the wash plant at its Rukwa Coal Project site has now been completed.
The AIM-traded firm said the plant was currently undergoing final commissioning and testing, with the goal to be producing washed coal for sale in the next week.

In addition to the completion of the wash plant, Edenville said the weighbridge had been installed, and support services such as the laboratory, offices and stores were in final construction.

Following commissioning, the wash plant would process material to fulfil requests for coal that had already been made.

The board said "several major industrial users" had also requested test shipments, and it would be dispatching those over the coming weeks.

"The construction team has worked hard in challenging conditions to get the wash plant operational and this has now been achieved," said Edenville CEO Rufus Short.

"We are now ready to start producing washed coal immediately following final commissioning."

Short said the intention was to process "several thousand tonnes" of run of mine coal in October to produce a range of washed coal products for delivery to several end users.

"We look forward to providing further updates on the progress of the project in the coming weeks, including with regard to coal sales and contracts."

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Shuka Minerals Market Data

Currency UK Pounds
Share Price 10.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 15.00
52 Week Low 5.50
Volume 82,975
Shares Issued 60.22m
Market Cap £6.02m

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
7.59% below the market average7.59% below the market average7.59% below the market average7.59% below the market average7.59% below the market average
25.00% above the sector average25.00% above the sector average25.00% above the sector average25.00% above the sector average25.00% above the sector average
Income Not Available
Growth
58.00% above the market average58.00% above the market average58.00% above the market average58.00% above the market average58.00% above the market average
63.93% above the sector average63.93% above the sector average63.93% above the sector average63.93% above the sector average63.93% above the sector average

Shuka Minerals Dividends

No dividends found

Trades for 17-May-2024

Time Volume / Share Price
16:09 67,483 @ 10.05p
16:06 5,000 @ 9.66p
12:58 9,910 @ 10.05p
11:27 582 @ 9.66p

Shuka Minerals Key Personnel

CEO Noel Lyons

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