UK-based thermal coal developer Edenville Energy plc (Edenville), which is currently developing a coal project in southwest Tanzania, has signed a contract with an East African industrial group for the supply of up to 4000 t of coal per month.
The terms of the contract are set out as follows:
- The contract duration is for a period of two years;
- coal will be supplied with a gross calorific value greater than 4800 kCal/kg; and
- pricing, based on calorific content, has been agreed and is based on local commercial rates.
Throughout 2018, Edenville has been working with the customer to optimise the product and transport options. The upgrades currently being undertaken at the company’s project site will reportedly ensure this contract along with our other customer deliveries can be met.
CEO of Edenville, Rufus Short, said, “I am very pleased our team have been able to work alongside this customer to ensure their needs are met and that the company can look forward to supplying the customer coal for at least the next two years. I look forward to providing further updates on the progress of the operation as we expand and enter into further contracts.”
Read the article online at: https://www.worldcoal.com/coal/23082018/edenville-signs-new-coal-supply-contract/