Granting of Mining Licence

RNS Number : 0016Q

Edenville Energy PLC

24 February 2016

 

24 February 2016

EDENVILLE ENERGY PLC

("Edenville" or the "Company")

Granting of Mining Licence

Edenville Energy plc (AIM:EDL) the company developing a coal-to-power project in south west Tanzania is pleased to report that the Mining Licence ("Mining Licence") for its Rukwa coal deposit has been granted following its signing by Professor S Muhongo, the Tanzanian Minister of Energy and Minerals, at a televised ceremony in Dar es Salaam yesterday evening.

It is expected that the Mining Licence will be formally released to Edenville during the week commencing 28 February 2016, after minor administrative tasks are completed.  A further update will be provided at the appropriate time.

Commenting, Rufus Short, CEO of Edenville, said: "We are delighted that the Mining Licence for our Rukwa coal deposit has been granted.  We would particularly like to thank Professor S Muhongo and his Tanzanian government colleagues for the help and support they have provided.  They have expressed the strong desire to see Edenville start producing coal in the second half of this year and have indicated their full support to progressing our Coal to Power Project to completion."

Contact
Edenville Energy Plc Rufus Short - CEO	[phone]
Cantor Fitzgerald Europe (Nominated Advisor and Corporate Broker) Stewart Dickson Phil Davies	[phone]
IFC Advisory (Financial PR and IR) Tim Metcalfe Graham Herring Heather Armstrong	[phone]

 

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