BlackEarth given port access in Madagascar
PERTH (miningweekly.com) – BlackEarth Minerals on Thursday confirmed that it had secured port access in Madagascar to export graphite concentrate from its Maniry project.
The Port d’Ehoala SA (POE) had confirmed that BlackEarth had the right to initially export up to 30 000 t of graphite concentrate, with a provision to increase this volume over time to cater for its Stage 2 expansion plans at Maniry.
POE will provide all shiploading services, and will provide services comparable to, and in accordance with safety standards set by mining major Rio Tinto, which are currently applied to service this port.
“This is a really important achievement for the BlackEarth team and is a significant milestone in the development of our Maniry mine operations in the rapidly growing graphite region of Southern Madagasar,” said BlackEarth MD Tom Revy.
“Having access to world class infrastructure is critical to any mine operation, in any part of the world, and this right now allows us to move forward with certainty, and also provides yet another strategic advantage to our planned Maniry large flake graphite plant development.”
The $41-million Stage 1 operation at Maniry will produce around 30 000 t/y of graphite, with the Stage 2 development requiring a further $29-million investment to increase output to 60 000 t/y, from the fourth year of operations.
The project is expected to have a mine life of around ten years, and is estimated to have a pre-tax net present value of $103-million and an internal rate of return of 42%.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Education: Consulting with member companies to obtain the optimal benefits from their B-BBEE spending, skills resources as well as B-BBEE points
VISIT SHOWROOM
FlameBlock is a proudly South African company that engineers, manufactures and supplies fire intumescent and retardant products to the fire...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
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
