Tancoal Energy Limited (IEC 70% and National Development Corporation of Tanzania 30%) has maintained solid performance in August 2017 with production of 45 469 t together with sales of 44 497 t, compared with August 2016 production of 31 941 t and sales of 21 252 t.
- August Sales and Production remained steady.
- New Screen Plant operating.
- Slowdown in cement usage to impact sales.
The slowdown in cement usage within Tanzania continued to impact sales and production in August and sales are forecast to be lower than expected in September. Coal prices were increased in August by 10% to offset higher costs of production.
The export price for the company’s coal is competitive and the company is actively seeking export markets. The new screen plant is now operational and can screen up to 500 tph. The screen plant will enable the company to meet the demand for export of sized coal product in the East African region. The new crushing plant and conveyors are en route to Tanzania and are expected in October. IEC Chairman, Graeme Robertson, commented: "While we are seeing a slowdown in construction and industrial development in Tanzania impacting coal sales domestically, we are also seeing strongly increased export coal prices ex Richards Bay, South Africa. There is increased level of enquiry from countries in the region which are enjoying economic growth, looking to broaden their coal sourcing with the realisation that Tancoal is now competitive.”
Read the article online at: https://www.worldcoal.com/mining/25092017/intra-energy-maintains-solid-production-performance/
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