Business
Rukwa Operational Update
Rukwa Operational Update.
About this update from Shuka Minerals Plc
[{"type":"text","content":"\n \n \n \n 28 March 2023\n \n \n \n \n EDENVILLE ENERGY PLC\n \n \n \n (\"Edenville\" or the \"Company\")\n \n \n \n \n \n \n \n \n Rukwa Operational Update\n \n \n \n \n \n \n \n \n Edenville Energy Plc (AIM: EDL) provides an update on its Rukwa Coal Project (\"Rukwa\") in Tanzania.\n \n \n \n \n \n \n Rukwa Operations\n \n \n \n \n \n \n As previously announced, the Company has been focused on stockpiling run of mine coal to mitigate, as far as practicable, impact from the Tanzanian rainy season. \n A substantial stockpile of run of mine (\"ROM\") coal was accumulated, but this stockpiled ROM coal has proven difficult to wash due to its moisture content. \n The production of washed coal is therefore expected to be reduced for as long as the rains continue,\n which could be for several more months.\n \n \n \n \n \n The Company continues to explore further opportunities in the Tanzanian coal market as they are presented, with efforts being increased given the robustness of the global coal markets and opportunities currently available within Tanzania.\n \n \n \n \n \n \n Tanzanian Mining Commission\n \n \n \n \n \n \n \n \n Edenville is in discussions with the Mining Commission in Tanzania (the \"Commission\") in relation to its Rukwa mining licence, having been advised by the Commission that the Company had historically failed to perform certain tasks required under its licence and that the licence could technically be in default of these requirements.\n \n \n \n \n \n Edenville's senior management have held constructive discussions in Tanzania with the Commission and both parties have agreed to work on resolving any outstanding issues, whilst also ensuring the Company is in full compliance with local regulations.\n \n \n \n \n \n The Company is continuing to run the day to day operations at Rukwa while continuing discussions with the Commission and looks forward to remedying the outstanding matters concerning the licence in consultation with the Commission on a timely basis.\n \n \n \n \n \n \n Update on Dispute with Upendo Group Ltd\n \n \n \n \n \n \n Since the Company's announcement on 9 February 2023 there have been no further developments in the Courts regarding Upendo Group Ltd.'s claim. Based on legal advice received, the Company remains confi...