Edenville gives update on Rukwa coal site

On Friday, Edenville Energy provided an update on its Rukwa coal project site under development off the south western coast of Tanzania in the Zanzibar Archipelago.

According to Edenville, the majority of the wash plant components had already arrived at the site with just one shipment still scheduled for delivery before 1 August.

Construction had commenced at the site with the concrete foundation pad for the drum section of the refinery in its final stages.

Independent assay results carried out on the Mkomolo seam returned raw coal values of 5,220Kcal and 15.7% ash, which the group said would lead to a "premium product" when processed through the wash facilities.

Edenvill announced it had also been exploring several other investment properties in the region, including one Kenya, Rwanda and Uganda.

As of 1525 BST, shares had ticked up slightly to 0.784p, a 2.48% increase in the day's trading.