Johannesburg. Aim-listed Edenville Energy is mulling its options to leverage the opportunity the Tanzanian government’s immediate ban on coal imports provides the Rukwa coal-to-power project developer.
Last week, Tanzania’s Ministry of Energy and Minerals banned the import of coal to stimulate local commercial production of the country’s resources and encourage internal use of the commodity to unlock the potential of the local coal industry to fully develop.
While Edenville is well positioned to move its Rukwa project rapidly into production, an effort that remains a core focus, the ban has presented a significant near-term opportunity for coal sales and the company is reviewing its options to contribute. “The company, through its Tanzanian subsidiary, holds a mining licence over its Mkomolo deposit and can also source coal from primary mining licences in the nearby Namwele deposit, where mining has previously occurred,” Edenville said in an update to shareholders yesterday. The company is currently reviewing several obtained quotations for mining and associated infrastructure work at the project site. (miningweekly.com)
