Business
Project update
Project update.
About this update from Shuka Minerals Plc
[{"type":"text","content":"\n \nRNS Number : 2817X Edenville Energy PLC 23 November 2017 \n\n23 November 2017 \n \nEDENVILLE ENERGY PLC\n(\"Edenville\" or the \"Company\")\n \nProject Update\n \n \nEdenville Energy plc (AIM: EDL), the company developing a coal project in southwest Tanzania, is pleased to provide an update on the recently commenced commercial coal production and the Company's coal-to-power project.\n \nCoal Production\n \nFollowing the start of washed coal production, announced on 9 October 2017, processed coal is currently being delivered on commercial terms to a number of customers in Tanzania and neighbouring countries. \n \nThese initial, \"test shipments\", currently totalling over 1,000 tonnes, are to parties that have expressed interest in placing long-term coal orders with the Company, subject to finalising pricing and quality, that in total could exceed the initial planned output of 10,000 tonnes per month, which is targeted to be achieved by the end of January 2018.\n \nIn order to deliver product to meet this expected demand, the Company is reviewing options to further optimise the efficiency and therefore the throughput of the wash plant. Pre-screening of coal measures is currently occurring and the option is being reviewed to install a purpose built pre-screening mechanism that reduces the level of fine material that enters the plant providing more capacity for the washing of sized coal, which is our optimum product. Any investment in a pre-screening mechanism is expected to be undertaken using the Company's current financial resources.\n \nThe Company ...