Coal Based Energy
In Western Tanzania
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Mining Licence Granted over Mkomolo.
Mining Environmental Impact Assessment Certificate granted.
The Mine is currently producing up to 4,000t per month of coal for sale and the Company is seeking to increase production up to 10,000t per month in the near term.
The wash plant is owned and operated by Edenville – Results in a considerable saving on plant processing costs compared with using a contract washing facility.
Edenville Project Concept Study already accepted and approved by Tanesco.
Rukwa Power Project is part of the “MEM Power System Master Plan 2016 Update”.
MOU signed with Sinohydro of China who will complete the Bankable Feasibility Study.
Independent Financial Model Developed which supports strong economics of Lahmeyer study – NPV10$252m; +20% IRR.
