Environmental Impact Assessment Certificate

RNS Number : 9748K

Edenville Energy PLC

01 July 2014

 



1 July 2014

Edenville Energy plc

("Edenville" or the "Company")

Environmental Impact Assessment ('EIA') Certificate Received

Edenville Energy plc (AIM:EDL), the African coal exploration and development company, is pleased to announce its Tanzanian entity, Edenville International Tanzania Ltd ("EITL") has been awarded the Environmental Impact Assessment ("EIA") Certificate which approves coal mining at the Namwele and Mkomolo coal deposits near Lake Rukwa in Tanzania.

After extensive field studies and analysis over 2012 and 2013 in conjunction with our Tanzanian environmental consultants, Tansheq, and completion of reviews and site visit from the Tanzanian Authorities, the EIA report was submitted to the National Environment Management Council ("NEMC") in late December 2013.

The certificate, Registration No: EC/EIS/1296, issued under the "Environmental Act No 20 of 2004" was signed by the Minister of State for the Environment. EDL received the certificate on 27 June 2014. The EIA Certificate will remain valid during the entire life cycle of the project based on the Company's compliance with the General and Specific Conditions of its issuance.

Rufus Short, CEO of Edenville Energy plc said:

"We are very grateful to all who have been involved in carrying out the work to obtain the EIA certificate. Our consultants in Tanzania and South Africa, NEMC and the Tanzanian Government have all played a part in moving the assessment along towards a positive conclusion". 

"We are excited about receiving the approval of the EIA as it is a critical milestone in the development of the Rukwa Coal to Power Project. It is a key deliverable for Edenville and provides the cornerstone from which to move forward with the coal mine development plan. It gives confidence to our current and potential partners in the power plant development that an accessible source of fuel will be available, significantly de-risking the overall coal-to-power project".

"The certificate covers coal mining activities with the next steps towards mining including the completion of a feasibility study on the Coal to Power Project and the subsequent conversion of current Prospecting Licences and Primary Mining Licences into full Mining Licences. Further environmental studies and approvals will be required as part of the development process for a power plant.  This is normal procedure for an industrial complex in any country and as the power development options progress the Edenville group will work alongside its partners to achieve these goals". 

"Although the Coal to Power Project remains our focus, the EIA approval also provides Edenville with the option to proceed towards a stand-alone coal mine development.  We will continue to assess this and other options to achieve the best outcomes for our shareholders and the people of Tanzania and to ensure the project is developed in the most appropriate and viable manner".

Enquiries:

Edenville Energy plc    Rufus Short - CEO	[phone]
Cantor Fitzgerald Europe   Nominated Adviser and Corporate Broker           Stewart Dickson / Jeremy Stephenson	[phone]
Newgate Threadneedle   Financial Public Relations   Graham Herring / Roddy Watt	[phone]

http://www.edenville-energy.com 

 

END

 

 

MSCSDUFISFLSEIM