StratMin ships maiden graphite load from Moz operation
JOHANNESBURG (miningweekly.com) – Graphite exploration company StratMin Global Resources has completed the maiden shipment of 20 t of flake graphite from the Madagascar-based Loharano operation.
The company said in its first operations report on Tuesday that it had continued production ramp-up at its Loharano licence area since its readmission to the Aim on January 29.
Production ramp-up was progressing in line with management's plans to increase the current capacity of around 180 t per 20-day month to 300 t per 20-day month with the introduction of flotation cells.
The company had invested some $500 000 to improve plant throughput, product quality and specification and site infrastructure.
This included buying a drilling rig to optimise short-term mining operations with a view to eventually upgrading the Joint Ore Reserves Committee-compliant resources.
In addition, StratMin believed that additional licence areas owned by its wholly owned subsidiary Graphmada were highly prospective and provided considerable exploration and production upside potential.
“I believe we have made an excellent start on creating a valuable company that will deliver positive returns to shareholders in the near term, and I look forward to updating them on our progress on a regular basis,” StratMin chairperson Gobind Sahney said in a statement.
Comments
The
functionality
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation