Published: Aug. 26, 2020, 7:43 a.m.
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.