https://www.miningweekly.com

Bass sells first concentrate from Madagascar graphite mine

20th August 2018

By: Creamer Media Reporter

     

Font size: - +

ASX-listed Bass Metals has achieved another milestone in the development of the Graphmada mine in Madagascar, with the company announcing on Monday that it had achieved its first sales revenue from the sale of concentrates from the large flake graphite mine.

Bass, which earlier this month achieved nameplate capacity at Graphmada, said that it was close to reaching its final Stage 1 objective of achieving positive cash flow from operations.

The company sold 100 t of concentrates through an established offtake agreement into Europe. For jumbo flake concentrates, a price of $1 700/t free-on-board was achieved.

Bass said it had a further 300 t of saleable concentrates warehoused.

Edited by Mariaan Webb
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Aqs image
AQS Liquid Transfer

AxFlow AQS Liquid Transfer (Pty) Ltd is an Importer and Distributor of Pumps in Southern Africa

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Hyphen, Eva mine, ferrochrome price make headlines
Hyphen, Eva mine, ferrochrome price make headlines
27th March 2024
Resources Watch
Resources Watch
27th March 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.108 0.143s - 88pq - 2rq
Subscribe Now