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Intra Energy Corporation will look to trade higher after its wholly owned subsidiary, Tancoal Energy, received its first coal sale order from a major cement producer in Zambia.
The initial order of 2,000 tonnes is expected to lead to a long-term contract with the customer, and negotiations are continuing with other prospective customers.
Intra recently announced it had secured a sale contract from a separate cement producer in Tanzania for up to 165,000 tonnes of coal between December 2013 and November 2015.
The Zambian milestone signifies the commencement of Intra’s broadening footprint into the Eastern African region.
The company now supplies coal to five countries in the Eastern African region; Tanzania, Kenya, Malawi, Uganda and now Zambia, with sales to the cement, steel, paper, ceramics, gypsum, textiles and lime industries.
