JOHANNESBURG (miningweekly.com) – Aim-listed StratMin Global Resources has received the final regulatory permission required to develop the Madagascar-based Vatomaina graphite project, which is owned and operated by its joint venture company with Tirupati Carbons and Chemicals, Tirupati Madagascar Ventures.
The cash shell company received the last environmental permit for the 12 000 t/y project, which was issued by the local government.
Topographic and hydrogeological studies at Vatomaina are currently under way. On-site infrastructure development will be initiated on completion of these studies.
CEO Brett Boynton stated that the joint venture partners were progressing the Vatomaina project at a steady pace. ”We are very happy with the progress being made by the in-country team. With this final regulatory requirement now in hand, we can move into on-site development.
“The current hydro studies are of particular interest as initial assessment indicates the potential for hydroelectric power production, which could significantly improve project economics by supplementing diesel power generation with clean, low-cost hydropower,” he added.