Share Talk Interviews Alistair Muir, CEO of Edenville Energy PLC (EDL.L)
August 26, 2020
Sales and Marketing Agreement entered into with Strategic Partner, Anchor Tenancy of up to 5,000 tonnes per month confirmed, Commenting, CEO of Edenville Alistair Muir, said:
"I am delighted to confirm this third and final contract is now in place and brings to conclusion the restructuring of our Tanzanian operations. We believe these agreements will collectively address the previous challenges, particularly in mining, processing and sales, that Edenville has experienced in recent years.
Feedback from ILTL and MarTek has been encouraging with respect to the appetite for Rukwa coal and all parties are now focused on adding to the order book, which has been underpinned by the anchor tenancy and MarTek's purchase price.
Whilst concluding all three agreements has taken longer than envisaged as a result of the COVID-19 pandemic, we are excited to have now reached this point. Mining and processing is underway again at Rukwa and I look forward to providing our shareholders with further updates in due course.