Intra Energy is an environmentally responsible, diversified mining and energy group and is listed on the Australian Stock Exchange (ASX:IEC). IEC has two operating subsidiary companies, Tancoal Energy Limited (Tancoal) and Intrafrican Resources Limited (IRL).
IEC is a developer and producer of thermal coal in Eastern Africa operating under the motto of “African coal for African growth”. IEC operates the largest producing thermal coal mine in Eastern Africa through Tancoal in the Ngaka coalfield in Tanzania, a joint venture with the National Development Corporation of Tanzania.
IEC through its wholly-owned subsidiary IRL, based in Mauritius, is assisting the development of the Minas du Lurio gold concession in Mozambique as a priority in recognition of golds potential stability in the present and future volatile monetary environment.
Intra Energy Corporation imited (ASX: IEC) was formerly known as Atomic Resources Limited. Atomic Resources Limited was incorporated in March 2007 and began trading on the Australian Securities Exchange under the symbol ATQ in June 2007. Upon listing, the company acquired the uranium rights to the Uaroo Project in WA and 85% of Pacific Corporation East Africa (PCEA), the holder of uranium concessions in Tanzania. PCEA also held coal concessions in joint venture with the National Development Corporation in south west Tanzania.
Determining that the uranium properties were not of interest, on April 28, 2011 Atomic Resources Ltd shareholders voted in favour of changing the name to Intra Energy Corporation to better reflect the Company’s activities, as the Company focussed on the Tanzanian coal project. As IEC shifted its focus towards coal, it divested all of its interests in the Uranium projects and today, has built a reputation as the principal coal supplier to East African industrialisation.
In 2019, given increasingly difficult operating conditions and the difficulty in funding coal projects and the resurgence of gold as an offset to trade and monetary tensions, IEC diversified into gold exploration with an investment in Intra Minerals Limited, a company registered in Mauritius which owns 95% of the exciting Lurio Gold Project in Mozambique.
Board and Management
Mr Shedd graduated in business from the University of Maryland, USA, and after serving as a combat engineer and productivity analyst in the US Armed Forces, has spent the last 20 years in the mining industry specialising in general mine, turnaround and productivity management.
Mr Shedd also holds an MBA from Regis University, Colorado, USA. He has lived and worked in over 14 countries worldwide including Tanzania, Indonesia and Australia. His last positions have been in Indonesia, Senegal and Western Australia as a performance improver in mines on behalf of McKinsey Consultants.
Mr Graeme Robertson
BA, FAICD, MAIE
Graeme joined the board in November 2010 and was appointed Chairman in January 2011. He has over 30 years’ experience in the coal, infrastructure and power development industries.
Graeme was CEO and Managing Director of New Hope Corporation 1982 -2005. During this period he pioneered the development of major international companies including as President Director of Adaro Indonesia, the largest single open cut coal mine in the Southern Hemisphere, President Director of Indonesia Bulk Terminal, a 12 mtpa capacity bulk coal port and an advisor to the development of the 1,230MW Paiton Power station, the first IPP in Indonesia.
His career has spanned both public and private energy related developments including directorships with the Port of Brisbane Authority and Washington H. Soul Pattinson & Co Ltd, one of Australia’s oldest listed companies as well as AfrAsia Bank in Mauritius.
Graeme was the recipient of the Asia 500 Award in 2000 and the Coaltrans Lifetime Achievement Award in 2010 for his contribution to the coal industry. He is a Fellow of the Australian Institute of Company Directors and a Member of the Australian Institute of Energy.
Mr Troy Wilson
Troy is the Managing Director and owner of Gigajule Energy Pty Ltd and is widely recognized in Australia and internationally as a Coal Bed Methane (CBM) completion and production expert with over 16 years’ experience in this field. Troy’s most recent experience includes the development of CBM in Africa, flowing gas from the first Surface to Inseam Wells in Botswana, being lead in the production enhancement team taking the gas field from 8tjs to 17tjs in 6months for Westside Corporation. He has previously been Operations Manager with Mitchell Drilling Corporation, developing the production for Peabody (North Goonyella) and A.J. Lucas.
Troy currently sits on the Board of Nu Africa Gas and is advising several CBM development companies in South Africa, Botswana, Zimbabwe and in Australia.
Benjamin Dunn is a graduate in Law (Bond University) with an MBA (Melbourne University) and has over 20 years of international business experience in Legal, Equities and Capital Raising fields, primarily focused on the Resources sector.
He practised law before joining blue chip investment houses BNP, Citigroup and JP Morgan in both Australia and Asia, working across multiple jurisdictions. More recently Benjamin has worked with Australian and London based Private Equity firm and a Family Office on resources and logistics investments. He resides in both Melbourne and Singapore.
Mr Alan Fraser
Mr Fraser has over 30 years’ experience in greenfield mineral exploration, project management and mine construction. He has managed base metal and gold exploration projects through the stages of tenement acquisition, joint venture negotiation, obtaining regulatory approvals and the management of field exploration programs, at times in remote locations. He has worked extensively across the Asia -Pacific region especially in Australia and Indonesia.
Alan served as CEO of New Holland Mining Limited, an ASX listed gold and base metal exploration and production company, now NuEnergy Gas Limited (ASX:NGY), having been a director since 1992. Alan was instrumental in NuEnergy’s acquisition of the coal and unconventional gas assets in Indonesia. He stepped down as CEO to ensure new leadership could move the company forward with its focused gas strategy. Alan was engaged in the IPO and listing and served as MD and Chairman of Resource Base Limited another ASX listed company engaged in gold exploration and production with activities in Australia, retiring in 2016. Mr Fraser has a vast knowledge of working with ASX listed companies and helping to create value for the Australian investment community.
2 Park Street
Sydney NSW 2000.
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