EcoGraf and POSCO weigh critical minerals chain in Tanzania
PERTH (miningweekly.com) – ASX-listed EcoGraf has signed a non-binding cooperation agreement with South Korea’s POSCO International to establish a potential battery anode materials supply chain in Tanzania.
The two companies have agreed to enter into definitive arrangements for the sale and purchase of battery anode material products over an initial ten-year term, from the start of production.
In the first year of the offtake agreement, EcoGraf will supply between 7 500 t and 12 500 t of battery anode material. This will increase to between 12 500 t/y and 20 000 t/y between year two and year five of the offtake, and will again increase to between 20 000 t/y and 40 000 t/y between year six and year ten.
The two companies will also collaborate in establishing a global battery anode materials supply chain hub in Tanzania, with the development and expansion of EcoGraf’s Epanko graphite mine, the development of the Merelani-Arusha graphite project, the development of battery anode material micronizing and spheronizing facilities to supply unpurified spherical graphite for purification, and the development of by-product fines, including EcoGraf's GreenRECARB.
Under this agreement, POSCO’s engineering, construction, financing and investment capabilities will be engaged.
Additionally, the two companies will leverage EcoGraf’s proprietary graphite purification technology, locating planned battery anode material processing facilities near planned POSCO anode production developments to ensure logistical and operational efficiencies, and having the two companies collaborate on customised purification technologies to de-risk the short-term supply chain risk in South Korea, Europe and North America.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Formerly known as Bauer Geared Motors South Africa, the company was founded in 1984 as the sole distributor in Southern Africa of the Bauer Geared...
VISIT SHOWROOM
Sandvik Rock Processing products and services provide you maximum value in terms of performance, quality, safety, flexibility and not least total...
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
