Shuka Minerals (SKA)

Sector:

Mining

Index:

FTSE AIM All-Share

8.75p
   
  • Change Today:
    -1.25p
  • 52 Week High: 15.00
  • 52 Week Low: 4.75
  • Currency: UK Pounds
  • Shares Issued: 60.22m
  • Volume: 218,698
  • Market Cap: £5.27m
  • Beta: 0.01

Edenville Energy adds two new trucks for Rukwa coal project

By Iain Gilbert

Date: Wednesday 21 Aug 2019

LONDON (ShareCast) - (Sharecast News) - Coal mine developer Edenville Energy has taken delivery of two recently acquired 30-tonne trucks to be used in mining load and haul at its Rukwa coal project in southwest Tanzania.
Bought with proceeds from its May fundraising, the new trucks will provide the backbone of load and haul operations at the project.

The AIM-listed company had previously relied on trucks supplied by contractors, which in the past had proved to be both an "expensive and inefficient option".

Edenville's two new trucks, which it said may eventually be supplemented with additional units as the project expands, will operate on a two-shift per day basis, compared to the single shift for the previous contractor's trucks, increasing the amount of coal that can be delivered to the company's wash plant.

As a result, Edenville's wash plant was expected to move to a double shift basis, boosting productivity at the project as a result.

Chief executive Rufus Short said: "Adding these new trucks to the company's fleet should reduce the project's mining costs and enable greater flexibility and extended usage in operations.

"As the Northern Mining area continues to yield encouraging results, our reliance on contractors is diminishing and our overall efficiency improving."

As of 0845 BST, Edenville shares had dropped 4.76% to 0.050p.

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Shuka Minerals Market Data

Currency UK Pounds
Share Price 8.75p
Change Today -1.25p
% Change -12.50 %
52 Week High 15.00
52 Week Low 4.75
Volume 218,698
Shares Issued 60.22m
Market Cap £5.27m
Beta 0.01

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
34.22% above the market average34.22% above the market average34.22% above the market average34.22% above the market average34.22% above the market average
53.10% above the sector average53.10% above the sector average53.10% above the sector average53.10% above the sector average53.10% above the sector average
Income Not Available
Growth
58.07% above the market average58.07% above the market average58.07% above the market average58.07% above the market average58.07% above the market average
68.25% above the sector average68.25% above the sector average68.25% above the sector average68.25% above the sector average68.25% above the sector average

Shuka Minerals Dividends

No dividends found

Trades for 03-May-2024

Time Volume / Share Price
16:02 100,782 @ 8.50p
16:06 20,000 @ 9.00p
16:02 3,196 @ 9.20p
11:57 15,830 @ 9.40p
11:37 153 @ 9.00p

Shuka Minerals Key Personnel

CEO Noel Lyons

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