https://www.miningweekly.com

New agreement could see Namangale start

16th June 2017

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Graphite developer Volt Resources has inked a cooperation agreement with China National Building Materials General Machinery (CNBMGM), which could see the Chinese company become involved in the development of the Namangale project, in Tanzania.

Under the agreement, CNBGMG would become a potential offtake partner for graphite concentrate produced at the project, as well as providing engineering/construction support and facilitating the provision of project finance and credit insurance for both Stage 1 and Stage 2 of the project.

If product trials proved successful, CNBMGM could take between 10 000 t/y and 15 000 t/y from the Stage 1 operation, and to support the Stage 2 feasibility work, the Chinese firm could also agree to indicative long-term offtake tonnage from the Stage 2 operation.

Volt was planning to develop the Stage 1 Namangale project into a 10 000 t/y to 20 000 t/y graphite processing operation, with the Stage 2 development, which will be completed in 2020, to be based on market demand.

Volt was hoping to cement the cooperation agreement within the next three months, which could result in project development funding and credit insurance support for the Stage 1 project by mid-2018.

Edited by Creamer Media Reporter

Comments

Showroom

Universal Storage Systems (SA)
Universal Storage Systems (SA)

South African leader in Steel -Racking, -Shelving, and -Mezzanine flooring. Universal has innovated an approach which encompasses conceptualising,...

VISIT SHOWROOM 
VEGA Controls SA (Pty) Ltd
VEGA Controls SA (Pty) Ltd

For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

PGMs and green hydrogen make headlines
PGMs and green hydrogen make headlines
19th April 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:0.177 0.223s - 106pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: