https://www.miningweekly.com

Triton signs MoU to help develop Ancuabe

7th November 2018

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Graphite developer Triton Minerals has signed a memorandum of understanding (MoU) with China’s largest building materials group to develop the Ancuabe graphite project, in Mozambique.

Under the terms of the MoU, Suzhou Sinoma Design and Research Institute of Non-metallic Minerals Industry Co, has expressed interest in participating in debt financing for the Ancuabe project, and in providing technical consulting services in relation to graphite process technology, producing line equipment, construction and commissioning, as well as product quality control.

“Suzhou have shown strong interest in Ancuabe, and have requested involvement in many aspects of the project,” said Triton MD Peter Canterbury.

“The agreement of the MoU provides further validation of its status as a world-class graphite project.”


Canterbury said that the partnership was expected to greatly benefit Triton in the construction and commissioning of Ancuabe.

A definitive feasibility study on the Ancuabe project estimated that it would require preproduction capital of $99.4-million to build a mine that is capable of producing about 60 000 t/y of graphite concentrate.

The project is expected to produce its first graphite in the second half of 2019.

Edited by Creamer Media Reporter

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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION