COAL BASED ENERGY
IN WESTERN TANZANIA

RUKWA

COAL TO POWER PROJECT

Moving forward in 2017 towards development alongside
Sinohydro and the Tanzanian Authorities

MINING
MINING PROJECT AT AN ADVANCED STAGE
Construction Completed with Mining and Washing Operations Started

Asset Quality and Scale

173 million tonnes JORC resource + exploration upside – Thermal power plant quality coal – Typical washed values 5,000kcal, Ash 20%, Moisture 5%.

Environmental

Mining Environmental Impact Assessment Certificate granted.

Mining Licence

Mining Licence Granted over Mkomolo – rapid application process took 7 months.

Bulk Sampling

Bulk Sampling completed for wash and quality with analysis by SGS South Africa.

Wash Plant

Wash Plant construction completed and operational.

Geology Resource Statement

Infrastructure
Transport and Logistics
The mine is located in a strong position in western Tanzania for transportation and logistics.

ROAD
Excellent road network north and south of the project. Multiple road access to Zambia going south.
WATER
Lake Tanganyika provides barging options to take coal north to NW Tanzania, Burundi, Rwanda and the DRC.
RAIL
Access to the rail network via Mpanda. Rail network of Tanzania undergoing major upgrade for both freight and passenger services.

Map-of-Rukwa-Region1

Power Development
Edenville Energy PLC have formally been asked to move forward plans on a coal fired thermal power project at Sumbawanga by the Ministry of Energy and Minerals (MEM)

Project Concept Study - Approved

Edenville Project Concept Study already accepted and approved by Tanesco.

MEM Power System Master Plan

Rukwa Power Project is part of the “MEM Power System Master Plan 2016 Update”.

Bankable Feasibility Study

MOU signed with Sinohydro of China who will complete the Bankable Feasibility Study.

Independent Financial Model

Independent Financial Model Developed which supports strong economics of Lahmeyer study – NPV10$252m; +20% IRR.

Environmental Impact Assessment

Power Plant Environmental Impact Assessment Study underway – approx 40% complete.

Previous Feasibility Study

Previous Lahmeyer (India) Feasibility Study on 120MW Project indicates strong economics of +20%IRR – expansion potential to fully utilise resource.

Rukwa
COAL TO POWER PROJECT - OVERVIEW

Rukwa Coal to Power

The Company’s core asset is the Rukwa Coal to Power Project, located in western Tanzania, ~25km by road to the north-east of the major commercial centre of Sumbawanga.

Rukwa Coalfields

The Rukwa Coalfields are comprised of the Mkomolo, Namwele and Muze deposits – historical small scale mining having taken place.

JORC Resources

Total in-situ JORC Resources across 3 deposits: 173Mt.

  • 90% of this resource tonnage lies within Mkomolo and Namwele; Muze still to be fully evaluated – high potential because of a historical 60 million tonne resource.
  • Approximately USD12M spent to date by Edenville to develop the asset.
  • Edenville Energy plc through its Tanzanian subsidiary Edenville International Tanzania Ltd own a 90% interest in the coal project.

Power Generation

Ideally suited for coal fired power generation.

Ownership

Edenville Energy plc own 100% of Edenville Power Tanzania Ltd established to develop the power plant.

TANZANIA
Power and Country Statistics
Tanzania is facing the dual challenge of under-development of its electricity sector and strong demand growth.

Power and Electricity Overview

  1. Tanzania has total installed electricity capacity of around 1,500MW.
  2. Presently, only 45% of urban areas are electrified and this falls to below 5% for rural areas.
  3. According to McKinsey & Co. around 42% of businesses own generators.
  4. With support from the World Bank, Government of Finland, Japan and others, TANESCO is currently constructing 5 new sub-stations.
  5. Due to strong economic growth, energy demand is growing at approximately 8% p.a.

Country Statistics

  1. Population: 47.2m.
  2. 2014 per capita GDP: US$912.7
  3. Literacy: 73 to 76%
  4. Real GDP growth estimates: 7.5% (2015), 7.1% (2016)
  5. Political system: Unitary presidential democratic republic.
  6. Next elections: Oct 2020, every 5 years.