JOHANNESBURG (miningweekly.com) – 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 unlock the development potential of the local coal industry by stimulating local commercial production of the country’s resources.
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 on Monday.
The company is currently reviewing several obtained quotations for mining and associated infrastructure work at the project site and has entered into discussions with other possible contractors and suppliers for the project.
“We have also revised our bulk sample programme to target additional areas that may have suitability for near-term supply of coal. Suitable areas are currently being stripped to expose coal to be taken for testing. In parallel, we are discussing with various potential customers their future requirements,” it added.