Wednesday , June 12 2024
Coal, mine, power.

Edenville Energy set to take advantage of rising coal prices and demand

The aim-listed operator of the Rukwa coal project in Tanzania, Edenville Energy, has announced a board reorganization as part of its ambitions to grow the project to take advantage of rising coal prices and demand, as well as to extend the company’s business operations.

With immediate effect, Alistair Muir and Jeff Malaihollo have resigned from their positions as CEO and non-executive chairman, respectively.

To guarantee a smooth transition, Malaihollo has volunteered to continue working for the company as a consultant for the following three months.

Noel Lyons has been appointed as the company’s new CEO and Paul Ryan as an executive director.

Nick von Schirnding has been appointed non-executive chairperson.

Moreover, Andre Hope will join the board as a non-executive director.

It is the intention of the incoming executive board members to spend significant time in Tanzania and retain and relocate certainly experienced personnel from other existing African coal operations, which it is associated with, to Tanzania.

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, funding and value creation generally with listed companies.

He is the founder of Clean Invest Africa, a company focused on delivering an attractive return through acquiring stakes in clean energy companies, remediation technologies, waste-to-energy technologies and other clean energy-related projects.

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.

Since 2018, Ryan has been involved with a clean coal project through Clean Invest Africa, whose subsidiary CoalTech has an operational coal facility in South Africa. He is a qualified solicitor in the UK and graduated from Trinity College, in Dublin, Ireland.

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.

Hope previously served as nonexecutive chairperson of Ecobank, an affiliate of African bank Ecobank Transnational, and he currently serves as a nonexecutive director of Rokel Commercial Bank.

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