Intra Energy

Intra Energy Corporation Limited (IEC) is an Australian-based mining and energy company with major thermal coal assets in Eastern Africa. IEC's strategy is "African coal to power African growth". IEC is the only operating thermal coal miner in Eastern Africa. It's flagship project in Tanzania is the Tancoal mine in the Ngaka Coalfield in Tanzania, operated by Tancoal Energy Limited, a Joint Venture with the National Development Corporation of Tanzania. IEC has recently acquired the operating Nkhachira coal mine in northern Malawi and has commenced mining through its subsidiary, Malcoal Mining Limited. IEC continues to geographically expand its coal asset base in Eastern Africa and is forming partnerships with organisations judged to be leaders in geological excellence, capable of providing known and potential coal resources for development. The preferred acquisition methodology is by farm-in arrangement for early stage development and joint venture or direct purchase for advanced projects with defined JORC resources. Power generation projects and utilisation opportunities will involve consortium formation in which IEC will seek an equity position. The Company's vision is to "become a leader in the development and operation of coal assets to provide energy security solutions and create wealth for its shareholders".