31st May 2022 14:20
Edenville Energy PLC - London-based developer of Tanzania's Brownfield Rukwa coalfields - Resumes full control of Rukwa coal project in Tanzania, terminating its contract with Nextgen Coalmine Ltd. "All mining equipment has been brought back into service by the company, whilst an additional pre-strip excavator has been added to the fleet," firm explains. Edenville is sourcing three additional trucks to scale production. Targets monthly sales of 5,000 tonnes of washed coal from the end of the third quarter of 2022. As comparison, Edenville sold 610 tonnes of washed coal over the three months between February 1 and April 30. Aims to maximise cash returns, reiterating "the attractive pricing forecast over the coming years". Read More
