trending Market Intelligence /marketintelligence/en/news-insights/trending/ol_zgQrBNseimuLaLa0umQ2 content esgSubNav
In This List

Edenville Energy relinquishes 3 licenses in Tanzania to focus on Rukwa coal-to-power project

Blog

Insight Weekly: Job growth faces hurdles; shale firms sit on cash pile; Africa's lithium future

Blog

Insight Weekly: Loan growth picks up; US-China PE deals fall; France faces winter energy crunch

Blog

Insight Weekly: CEO pay jumps; yield curve inversion deepens; wind giants lift turbine prices

Blog

Watch Nickel Market Outlook Complex Demand Supply Fundamentals


Edenville Energy relinquishes 3 licenses in Tanzania to focus on Rukwa coal-to-power project

EdenvilleEnergy Plc said April 27 that its Tanzanian subsidiary, , relinquished three exploration licenses to focus its manpowerand financial resources solely on the Rukwa coal-to-power project.

The company will realize an impairment charge of about £3.6million as a result.

Edenville will save about US$250,000 over the next 12 monthsin work and license fee commitments by relinquishing the licenses as theTanzanian government requires continued expenditure for the license to remaincurrent.