Australian company secures further coal exploration licence in Malawi

An Australian company Intra Energy Corporation Ltd has been granted licence to explore coal in Malawi as part of its expansion drive, according to reports from the Australian company.

“Intra Energy Corporation Ltd is pleased to announce it has secured a furher coal exploration licence in Malawi as the company expands in Eastern Africa.

“IEC’s Malawi subsidiary, Intra Energy Trading Limited (IETL), was granted the Ngana West covering 50.2km2 just south of the Tanzanian border IEC holds a 100 percent interest in IETL.  This complements the Ngana East lease granted to IEC’s subsidiary company Malcoal in March this year and gives IEC access to all known coal resources in the Ngana Coalfield,” states the report.

Coal

Coal

The Malawian Geological Survey has offered the guidance for the company to undertake historical exploration over the lease.

Reports obtained from the Malawian Geological Survey indicate Ngana West hosts large, shallow coal resources.

IEC recently carried out exploration mapping and has located numerous outcropping coal seams throughout the lease area with good quality thermal properties and a range of physical properties making it suitable for future open cut mining.

Intra Energy will commence detailed and systematic exploration of the leases to quantify and qualify the resources.

IEC has recently announced a JORC compliant resource at Kopakopa within the North Rukuru lease of 23.9 million tonnes.

A further JORC resource evaluation is underway in the Company’s Nkhachira Mine lease and its surrounding.

These coal resources are well situated for supplying Malawian coal to an Intra Energy sponsored thermal coal fired power to be developed at Chipoka in Malawi’s Central Region.

Malcoal is currently mining from the Nkhachira Mine in and has contracts to supply domestic industrial users including agricultural processors and breweries.

This will add to the Mchenga Coal Mine in Northern Region of Malawi with a production target of 5000 tonnes a month.

Follow and Subscribe Nyasa TV :

Please share this Article if you like Email This Post Email This Post

More From Nyasatimes

More From the World

Comments are closed.