Business
Half Yearly Report
Half Yearly Report.
About this update from Shuka Minerals Plc
[{"type":"text","content":"\n \nRNS Number : 4759O Edenville Energy PLC 20 September 2013 \n \n\n \n20 September 2013\n \nEDENVILLE ENERGY PLC (\"Edenville\" or the \"Company\") (AIM:EDL),\n \nInterim Results for the Six Months Ended 30 June 2013\n \nEdenville Energy plc, the African coal exploration and development company, today announces its unaudited Interim Results for the six months ended 30 June 2013. \n \nHighlights for the period \n \n· Upgraded, JORC-compliant, Mineral Resource Estimate for Rukwa Coal Deposit published March 2013\n· Scoping Study commissioned to assess commercial viability of Rukwa Coal Project\n· Appointment of Sally Schofield as Chairman. Simon Rollason takes non executive Director position.\n· £5 million equity financing facility agreed between Edenville and Darwin Strategic \n· Drawdown of £106,895 in April 2013 under Darwin facility\n· £10,469,447 net assets \n· £300,560 loss \n· £341,910 cash reserves\n \nPost period Highlights\n \n· Rukwa Coal Project Scoping Study Results published September 2013\n· Engagement of RAFCO Group, an East African Mining and Energy Specialist, September 2013\n· Further drawdown under the Darwin equity financing facility of £390,000 in September 2013\n· Appointment of Rufus Short as CEO, 20 September 2013\n \nSally Schofield, Chairman of Edenville, commented:\n \n\"The Board of Directors believes that Edenville is in a much stronger position with respect to fully recognising the commercial viability of its Namwele, Mkomolo and Muze coal deposits, collectively known as the Rukwa Coal Project, in south-western Tanzania. \n \n\"The company is well funded to satisfy its immediate needs as it keeps a close eye on its operating costs. At the same time, we are maintaining a focused portfolio of licences in Tanzania and we aim to keep land holding costs as low as practically possible as we progress. \n \n\"The conclusions of the Scoping Study published in September, demonstrates that there is a viable commercial opportunity for Eden...