Edenville Energy PLC Further Coal Supply Contract (2026D)
October 08 2018 - 1:00AM
UK Regulatory
TIDMEDL
RNS Number : 2026D
Edenville Energy PLC
08 October 2018
8 October 2018
EDENVILLE ENERGY PLC
("Edenville" or the "Company")
Further 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 industrial customer operating in East
Africa (the "Customer"), who is part of a global manufacturing
group, for the supply of coal on the terms set out below:
-- the contract duration is for an initial period of two years;
-- coal will be supplied with a gross calorific value between 5,300 - 5,700 kCal/kg;
-- pricing has been agreed and is based on local commercial rates; and
-- tonnage is variable, but is expected to initially be between 300 to 500 tonnes per month.
Edenville has been working with the Customer through 2018 to
create a product specifically suited to the Customer's operations
and has been supplying test batches of coal. The upgrades currently
being undertaken at the Company's Rukwa project site will ensure
this contract, along with our other customer deliveries, can be
met.
Commenting, Rufus Short, CEO of Edenville said, "After several
months refining and testing our product we are pleased to move
forward with this Customer on a formal supply contract basis. The
Customer is part of a global group supplying products to various
industries worldwide. We will continue to work with the 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. We are
also examining ways Edenville can further assist this group in
mining related tasks. I look forward to providing further updates
on the progress of the operation as we look to expand and secure
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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END
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