A responsible developer and operator of coal assets to provide energy security to support regional growth and create wealth for its shareholders
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Intra Energy operates in Tanzania, Malawi and until recently, Australia.
There is significant opportunity in Tanzania for domestic coal producers to play an important role in supplying fuel for power generation. Currently, most coal is imported and lands in Tanzania at a relatively high cost. Companies that have strategically located, good quality thermal coal resources that can overcome the limited infrastructure hurdles and obtain long term stable offtake agreements, will have a competitive edge.
Intra Energy Corporation’s flagship coal project in Tanzania is the Tancoal Mbalawala mine in the Ngaka basin. The Mbalawala Bankable Feasibility Study completed in September 2010 showed the Tancoal Mbalawala mine has a mineable reserve of 40 million tonnes of coal and a resource of 251 million tonnes. In October 2012, JB Mining reported a downgrade of resources for the Mbalawala Block from 251 million tonnes JORC resource to 216 million tonnes (previously reported by Ravensgate Minerals Industry Consultants in 2010), though an overall increase in JORC resources of 69% to 423 million tonnes (detailed on "Tanzanian Projects" page).
Intra Energy commenced Stage 1 Mining supplying thermal coal to local and regional industry from the Tancoal Mbalawala mine having received its Mining Licence on 18 August 2011.
In August 2011, Intra Energy completed the acquisition of coal leases in the Songwe-Kabulo Coalfield, which lies just to the north of Lake Nyasa in southwest Tanzania, announcing an initial JORC resource of 100mt (75mt Indicated, 25mt Inferred). There is potential for outlining significant resources of open cut and underground thermal coal, which could substantially increase the Company’s current resources in Tanzania. Production from Songwe-Kabulo will supplement production from Mbalawala for power generation and mitigates risk by having a second coal source.
In January 2013, IEC acquired the operating Nkhachira Coal Mine within Mining Licence ML0143/2005 near Karonga in northern Malawi, and five Exclusive Prospecting Licences, located in the north of Malawi, west of the town of Karonga. IEC operates its coal mining business in Malawi as Malcoal Mining Limited (Malcoal). IEC has re-designed and upgraded the open pit Nkhachira Mine. Product coal quality is aprox 6000 kcals/kg and 20% ash. The Malcaol mine has been on a care and maintenance basis since late 2015 due to intense competition form imported coal.
Intra Energy originated from a uranium exploration company, and holds several uranium tenements in Australia. As the Company has shifted its focus towards coal, IEC has divested all these tenements to focus on developing coal and energy opportunities.