JOHANNESBURG (miningweekly.com) – Aim-listed coal mine and energy project developer Edenville Energy will, by the end of this month, provide the Tanzania Ministry of Energy and Minerals (MEM) with additional information related to the company’s mining licence application for the Rukwa project.
The company submitted the mining licence application to the MEM in July, after which the MEM requested further information on the technical aspects of the calculation of the project’s Joint Ore Reserves Committee-compliant resource of 170-million tons.
Edenville CEO Rufus Short said he was pleased with the progress made, to date, on working towards the granting of a mining licence.
“Having a mining licence in place will significantly enhance our options for development and positively affect our discussion with potential partners and sources of finance for project development.
“Coupled with the progress we are making in the power plant feasibility process and discussions with potential partners, the project is moving towards the stage, expected to be later this year, when a multiparty plan for project development can be agreed,” he said.
The company noted that it had, this month, met with potential engineering, procurement and construction management partners, including potential partners in China.
The company would update the market on the negotiations once it reached a conclusion.
Edited by: Chanel de Bruyn
Creamer Media Senior Deputy Editor Online
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