Tancoal Energy and the Tanzanian Port Authority (TPA) have signed a Memorandum of Agreement which will result in the improvement and upgrading of the existing Itungi Port facilities at Lake Malawi in southwest Tanzania, where Tancoal’s product coal will be received for sales offtake. Tancoal is a Joint Venture between Intra Energy Corp (IEC – 70%) and the National Development Corp of Tanzania (30%), developing the Mbalawala mine in the Ngaka coalfields of Tanzania. IEC is an Australian-based mining and energy company with major thermal coal assets in Tanzania.

The Itungi Port is an established inland port asset of Tanzania and is operated by the TPA.

The completion of the upgrading works will result in the provision of additional facilities enabling Itungi Port to subsequently be used for passengers and other bulk and general cargo as well as providing operational certainty for Tancoal’s coal shipments and supplies to customers. This will also ensure the securing of an area to build a stockpile of coal from where commercial trucks will be loaded with coal to various destinations
through the Itungi – Uyole trunk road, giving access to the Tanzanian industrial hub of Mbeya as well as highways into Malawi and Zambia.