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

Lithium prices hold firm, cobalt prices rally

Blog

Profit margins key to Tsingshan's battery nickel supply plans

Blog

Q&A: Data That Delivers - Automating the Credit Risk Workflow

Blog

The Future of Risk Management Digitization in Credit Risk Management


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.