Business
Rukwa Operational Update & Corporate Update
Rukwa Operational Update & Corporate Update.
About this update from Shuka Minerals Plc
[{"type":"text","content":"\n \n \n \n The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018.\n \n \n \n \n \n \n \n \n \n 9 November 2022\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 And\n \n \n \n \n Corporate Update\n \n \n \n \n \n \n \n \n Edenville Energy Plc (AIM: EDL) is pleased to provide an update on operations at its Rukwa Coal Project (\"Rukwa\") in Tanzania.\n \n \n \n \n \n Following the recommencement of production at Rukwa, as announced on 11 October 2022, the Company is pleased to report the works undertaken to upgrade the wash plant have yielded positive results, with the wash plant regularly running at the targeted base-case output of c.100 tonnes per day, which, if sustained and assuming increases in working time on the ground as referred to below, achieves the Company's initial target of 4,000 tonnes per month. However, the period did witness interruptions to production as components for the excavator, used to extract run of mine (\"ROM\") coal for delivery to the wash plant, were damaged. These components have subsequently been replaced and operations are currently back at the c.100 tonnes per day level of washed coal output.\n Management continues to expand the inventory of spare parts at site to minimise future downtime.\n \n \n \n \n \n As noted, the performance of the wash plant has been encouraging and the Company's view remains that a sustained output of 100 tonnes per day, and higher, is achievable. The simplest way for future increases to be achieved will be to increase daily production hours from the current eight-hour shifts for five and a half days per week. The opportunities for longer 12 hour or even double shifts (16 hour) and seven days per week production are being examined, including seeking to ensure that on the ground machinery is capable of meeting the targeted output on an ongoing basis. In addition, the Company has taken possession of two new trucks in recent days, which will be used to transport ROM coal from the coal face site to the wash plant, acceleratin...