StockMarketWire.com - Edenville Energy said it recommenced activities at its Rukwa coal project in southwest Tanzania after successfully raising capital last month.

The company said it had utilised a period of limited production to further optimise the mine's plant and facilities

'The recalibration of parts of the plant, orders of additional low capex items and reorganisation of the workforce is under way and all upgrades are expected to be completed by the end of June 2019,' Edenville Energy said.

Once the optimisation process was completed, the company said it expected to eliminate previous issues that had hindered throughput, enabling the plant to reach its targeted initial production capacity of 10,000 tonnes of washed coal per month.

Total capital investment in the recent upgrades was expected to be less than $50k.

Edenville also said that it had commenced site preparations for road construction to the new mining area, to the north of current operations.

Coal extraction from the new area was expected to commence before the end of the third quarter of 2019.


At 2:26pm: [LON:EDL] Edenville Energy PLC share price was +0.07p at 0.12p



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