https://www.miningweekly.com

Triton signs term sheet with Chinese firm for Ancuabe graphite

8th February 2018

By: Anine Kilian

Contributing Editor Online

     

Font size: - +

JOHANNESBURG (miningweekly.com) – ASX-listed Triton Minerals has signed a five-year offtake agreement to supply China-based Qingdao Tianshengda Graphite with graphite from the Ancuabe project, in Mozambique.

The agreement is expected to result in the supply of 16 000 t/y of graphite concentrate from Ancuabe with a minimum quarterly commitment of 2 500 t.

“The term sheet, which will be converted into a binding take off agreement by March 15, demonstrates the early success of our sales and marketing strategy and the demand for large flake, high purity graphite in the Chinese market,” MD Peter Canterbury said in a statement.

The term sheet details the initial offtake term, concentrate volume, pricing mechanism, payment and delivery terms, and product specifications.

“Both parties will agree to yearly volumes three months before the relevant period and pricing is set every six months at prevailing market graphite prices.”

Edited by Mariaan Webb
Creamer Media Senior Deputy Editor Online

Comments

The content 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