By: Esmarie Swanepoel
Junior graphite developer Magnis Resources has inked an offtake agreement with China National Materials Industry Import and Export Corporation (SINOMA) from the Nachu project, in Tanzinia.
Under the terms of the offtake agreement, SINOMA would purchase some 80 000 t/y of graphite, across all size ranges, for a period of five years. The Chinese firm also had the option to extend the agreement. →