Edenville Energy PLC Coal supply contract (4934Y)
August 22 2018 - 1:00AM
UK Regulatory
TIDMEDL
RNS Number : 4934Y
Edenville Energy PLC
22 August 2018
22 August 2018
EDENVILLE ENERGY PLC
("Edenville" or the "Company")
Coal supply contract
Edenville Energy plc (AIM: EDL), the company developing a coal
project in southwest Tanzania, is pleased to announce that it has
signed a contract with an East African industrial group (the
"Customer") for the supply of up to 4,000 tonnes of coal per month
on the terms set out below:
-- The contract duration is for a period of two years;
-- coal will be supplied with a gross calorific value greater than 4,800 kCal/kg; and
-- pricing, based on calorific content, has been agreed and is based on local commercial rates.
Edenville have been working with the Customer through 2018 to
optimise the product and transport options. The upgrades currently
being undertaken at the Company's project site will ensure this
contract along with our other customer deliveries can be met.
Commenting, Rufus Short, CEO of Edenville said, "I am very
pleased our team have been able to work alongside this customer to
ensure their needs are met and that the Company can look forward to
supplying the Customer coal for at least the next two years. I look
forward to providing further updates on the progress of the
operation as we expand and enter into further contracts."
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014.
For further information please contact:
Edenville Energy Plc
Jeff Malaihollo - Chairman
Rufus Short - CEO +44 (0) 20 3934 6630
Northland Capital Partners Limited
(Nominated Adviser and Broker)
David Hignell
Gerry Beaney
Jamie Spotswood +44 (0) 20 3861 6625
IFC Advisory
(Financial PR and IR)
Tim Metcalfe
Graham Herring
Heather Armstrong +44 (0) 20 3934 6630
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Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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