Edenville Energy Share Discussion Threads

[tidy 2] 27/1/2017 14:47

Tanzania, Dangote to unlock stalemate over coalDangote Cement, the country's most powerful cement manufacturer, suspended production at its $500 million Mtwara plant citing "non-serious technical issues." Analysts say that the shutdown was aimed at pressuring the government to lift its ban on coal imports or compel it to sell natural gas at a preferential price. Dangote Cement argues that buying natural gas at the "Dar es Salaam price" while the plant is located at the source of the commodity does not make business sense. Mr Mwijage said Dangote's decision to import coal did not make sense because is was expensive compared with buying the commodity from local producers. http://www.theeastafrican.co.ke/business/2560-3478186-6wm3i2z/index.htmlGov placed bans on coal imports causing Tanz coal resources to be fast tracked to production. This is the turn around for edl

[tidy 2] 27/1/2017 14:12

Dangote cementDangote Cement, the country's most powerful cement manufacturer, suspended production at its $500 million Mtwara plant citing "non-serious technical issues." Analysts say that the shutdown was aimed at pressuring the government to lift its ban on coal imports or compel it to sell natural gas at a preferential price. Dangote Cement argues that buying natural gas at the "Dar es Salaam price" while the plant is located at the source of the commodity does not make business sense. Mr Mwijage said Dangote's decision to import coal did not make sense because is was expensive compared with buying the commodity from local producers. http://www.theeastafrican.co.ke/business/2560-3478186-6wm3i2z/index.html

[tidy 2] 27/1/2017 12:51

Add something then seeing as you're new here today running the shot now. Edl has started a new chapter now they're not the same old so without posting the changes which have been RNS'd they will overlook it as being the same old. Make sense ..!!!

[glasswala] 27/1/2017 12:25

Tidy 2

I do not want to go on and have a silly school boy slanging match as we are all grown up investors who want to get the best from our investments. Only new information not in public domain should be added as it could result in our investment choice. Repeated post of RNS extract add nothing to newbie or the existing knowledge as they can get that straight from RNS's anyway

[tidy 2] 27/1/2017 11:31

Don't be silly. Peeps visit boards to find out what's going on and reasons.

[tidy 2] 27/1/2017 11:30

From what I can read in the media Dangote cement owned by Africa's richest business man has closed his massive cement factory in Tanzania. Apparently the plant used $4m gas each month and local gas supplies were promised. This did not come and they had to import coal from elsewhere in Africa at @ £100 + tonne. The import coal ban in Tanzania now makes this not possible. He wouldn't use Tanzanian coal due to poorer quality. It would be interesting whether he would simply mothball such a cement plant worth apparently $500m. May be EDL see this as a commercial opportunity now coal quality has been proven and supplies cheaper then elsewhere in Africa. The coal ban strengthens EDLs position to supply Dangote. A deal to be struck?

[glasswala] 27/1/2017 11:18

if they are not here already then its pointless posting here as they are not reading it period!

[tidy 2] 27/1/2017 10:49

It's not for the ones already here

[glasswala] 27/1/2017 10:03

Tidy, we get it we can read the RNS stop blocking the BB with the sane thing over and over again.

[tidy 2] 27/1/2017 10:01

Edenville Energy plc (AIM: EDL) the company developing an integrated coal to power project in south western Tanzania, is pleased to announce that it has started trial mining at the Rukwa Coal Project near Sumbawanga in western Tanzania.Key Points -- Trial mining commenced -- Initial mine production planned to start in Q1 2017 -- Significant interest from several groups for the coal from Rukwa Over the past several months Edenville has received significant formal interest from several companies for long-term coal supply. As a result, trial shipments of run of mine ("ROM") coal have been transported to customers in order to determine appropriate logistical, quality and quantity parameters. Commercial rates are being paid for the delivery of this coal.Consequentially, the Company has taken the decision to move the project to the next stage of development, which focuses on the commencement of commercial mining operations and the acquisition of a coal processing facility. It is planned that initial mining will commence in Q1 2017. This will focus on stripping the overburden and the production of a ROM coal stockpile. In parallel, a suitable coal wash plant is planned to be established on site.Whilst some coal will be delivered unprocessed, as per customer requirements, it is envisaged that the majority of coal will undergo a degree of treatment through the wash plant to optimise the product for different customers and maximise the potential returns to Edenville. Initial mining operations will be under the control of Edenville and the Company is well advanced in selection of a suitable wash plant facility. The wash plant facility will also be configured so as to be able to process coal for the planned future power plant. More details on the above points and other areas of the operation will be announced as appropriate.

[tidy 2] 27/1/2017 09:33

Over the past several months Edenville has received significant formal interest from several companies for long-term coal supply. As a result, trial shipments of run of mine ("ROM") coal have been transported to customers in order to determine appropriate logistical, quality and quantity parameters. Commercial rates are being paid for the delivery of this coal.Consequentially, the Company has taken the decision to move the project to the next stage of development, which focuses on the commencement of commercial mining operations and the acquisition of a coal processing facility. It is planned that initial mining will commence in Q1 2017. This will focus on stripping the overburden and the production of a ROM coal stockpile. In parallel, a suitable coal wash plant is planned to be established on site.Whilst some coal will be delivered unprocessed, as per customer requirements, it is envisaged that the majority of coal will undergo a degree of treatment through the wash plant to optimise the product for different customers and maximise the potential returns to Edenville. Initial mining operations will be under the control of Edenville and the Company is well advanced in selection of a suitable wash plant facility. The wash plant facility will also be configured so as to be able to process coal for the planned future power plant. More details on the above points and other areas of the operation will be announced as appropriate.

[tidy 2] 27/1/2017 09:28

Podcast with Rufus explains the busiest news period to date for edl https://goo.gl/6qa9ec

[tidy 2] 27/1/2017 08:50

Word is spreading slowly.

[geoffmanana] 26/1/2017 18:53

Depends how much they need tidy2 in the short term.
I'm very happy to hold as there is only one way the share price can go over the next year imho.
I topped up another million at 1.13p a couple of days ago.