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BRIEF-Intra Energy Corp Says Unit Invested In Intra Minerals

Published 16/06/2020, 03:20 pm
© Reuters.
IEC
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June 16 (Reuters) - Intra Energy Corporation Ltd IEC.AX :

* UNIT HAS INVESTED IN INTRA MINERALS

* MAY TANCOAL ENERGY COAL SOLD 24,067 TONNES VERSUS 60,901 TONNES

* TANCOAL IS CONTINUING DISCUSSIONS WITH MINISTRY OF MINERALS AND MINING COMMISSION ON PAYMENT TERMS FOR US$10.4 MILLION OF PAST ROYALTIES

* STARTED PROCESS TO LISTING OF INTRAFRICAN RESOURCES

* MAY TANCOAL ENERGY COAL PRODUCED 34,229 TONNES VERSUS 62,393 TONNES

* TANCOAL IS REQUESTING A MORATORIUM ON PAYMENTS UNTIL SALES TONNAGES INCREASE OVER 45,000 TONNES PER MONTH LEVEL

* GREATER FOCUS FOR IEC TO BE ON DEVELOPING IN GOLD SECTOR

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