MINING PROJECT AT AN ADVANCED STAGE
Construction completed. Mining and washing operations underway. Commercial sales made.
Mining Licence Granted over Mkomolo – rapid application process took 7 months.
Mining Environmental Impact Assessment Certificate granted.
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.
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.
Geology Resource Statement
Transport and Logistics
The mine is located in a strong position in western Tanzania for transportation and logistics.
Excellent road network north and south of the project. Multiple road access to Zambia going south.
Lake Tanganyika provides barging options to take coal north to NW Tanzania, Burundi, Rwanda and the DRC.
Access to the rail network via Mpanda. Rail network of Tanzania undergoing major upgrade for both freight and passenger services.
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.
The Rukwa Coalfields are comprised of the Mkomolo, Namwele and Muze deposits – historical small scale mining having taken place.
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.
Ideally suited for coal fired power generation.
Edenville Energy plc own 100% of Edenville Power Tanzania Ltd established to develop the power plant.
Power and Country Statistics
Tanzania is facing the dual challenge of under-development of its electricity sector and strong demand growth.
- Tanzania has total installed electricity capacity of around 1,500MW.
- Presently, only 45% of urban areas are electrified and this falls to below 5% for rural areas.
- According to McKinsey & Co. around 42% of businesses own generators.
- With support from the World Bank, Government of Finland, Japan and others, TANESCO is currently constructing 5 new sub-stations.
- Due to strong economic growth, energy demand is growing at approximately 8% p.a.
- Population: 47.2m.
- 2014 per capita GDP: US$912.7
- Literacy: 73 to 76%
- Real GDP growth estimates: 7.5% (2015), 7.1% (2016)
- Political system: Unitary presidential democratic republic.
- Next elections: Oct 2020, every 5 years.