Business
Project Update
Project Update.
About this update from Shuka Minerals Plc
[{"type":"text","content":"\n \nRNS Number : 6906J Edenville Energy PLC 21 August 2019 \n\n21 August 2019\nEDENVILLE ENERGY PLC\n(\"Edenville\" or the \"Company\")\nProject Update\nEdenville Energy Plc (AIM: EDL), the AIM quoted company developing the Rukwa coal project in southwest Tanzania, is pleased to announce it has taken delivery of two recently acquired 30 tonne trucks to be used in mining load and haul at its Rukwa Coal Project (the \"Project\") site.\nUtilising a modest part of the proceeds from the fund raising undertaken in May 2019, the trucks will provide the backbone of load and haul operations at the Project. As the Project expands the trucks may be supplemented with additional units. The Company has previously been relying on trucks supplied by contractors, which in the past have sometimes proved to be both an expensive and inefficient option. The two new trucks will operate on a two shift per day basis, compared to the single shift for the previous contractor's trucks, increasing the amount of coal that can be delivered to the Company's wash plant. As a result, the wash plant is expected to move to a double shift basis in the coming weeks, thereby boosting productivity at the Project.\nRufus Short, CEO of Edenville, commented: \"Adding these new trucks to the Company's fleet should reduce the Project's mining costs and enable greater flexibility and extended usage in operations. As the Northern Mining area continues to yield encouraging results, our reliance on contractors is diminishing and our overall efficiency improving. I look forward to providing our shareholders with further updates regarding overall progress at the Project in due course.\"\nThis announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.\nFor further information please contact:\n\n\n\nEdenville Energy Plc\nJeff Malaihollo - Chairman\nRufus Short - CEO\n \n\n\n+44 (0) 20 3934 6630\n\n\n\n\nSP Angel Corporate Finance LLP\n(Nominated Adviser and Joint Broker)\nDavid Hignell\nJamie Spotswood\nAbigail Wayne\n \n\n\n+44 (0) 20 3470 0470\n\n\n\n\nBrandon Hill Capital Ltd\n(Joint Broker)\nOliver Stansfield, Jonathan Evans\n \n\n\n+44 20 7936 5200\n\n\n\n\nIFC Advisory Limited\n(Financial PR and IR)\nTim Metcalfe\nGraham Herring\nHeather Armstrong\n\n\n+44 (0) 20 3934 6630\n\n...