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Rukwa coal project in Tanzania set for expansion

The Rukwa coal project in Tanzania is set for expansion. Edenville Energy announced the plans and said one of the strategies set for the project include; restructuring of its board to benefit from the increased demand and pricing for coal, together with exploring other opportunities to broaden the company’s operations.

Alistair Muir and Jeff Malaihollo have stepped down with immediate effect from their roles as CEO and nonexecutive chairperson, respectively. Malaihollo has agreed to stay on as a consultant to the company for the next three months to ensure a smooth transition.

Noel Lyons has been appointed as the company’s new CEO and Paul Ryan as an executive director. Nick von Schirnding has been appointed nonexecutive chairperson whereas, Andre Hope will join the board as a nonexecutive director.

The incoming executive board members are set to spend significant time in Tanzania to retain and relocate certain experienced personnel from other existing African coal operations, which it is associated with, to Tanzania.

Board’s experience and skills

Lyons is an operational executive with over 30 years of direct experience in the oil, gas and mining sector, mainly in Africa and the Middle East. His experience is primarily on the operational side, including strategic management, operations, project management, and funding and value creation generally with listed companies.

Ryan has over 20 years of commercial, regulatory and advisory experience. He has acted as a consultant, primarily on strategy and public policy, to a range of clients. He previously held a variety of board positions with mobile operator Vodafone Group. Ryan has many years of experience working in sub-Saharan Africa including in South Africa, Kenya, Tanzania and Ghana, where he lived for a number of years.

Hope has considerable experience as an adviser and consultant to governments and major corporates across Africa over the last 30 years. During this time, he has developed an extensive network of relationships throughout Africa. He holds a degree in law from Brunel University and was called to the Bar of England & Wales in 1981.

 

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