https://www.miningweekly.com
Energy|Financial|PROJECT|Services
Energy|Financial|PROJECT|Services
energy|financial|project|services

Singapore’s PEY to source $320m for Magnis’ Tanzania graphite project

4th March 2024

By: Creamer Media Reporter

     

Font size: - +

After four months of diligence, Singapore-based PEY Capital has entered into an exclusivity period with Magnis Energy Technologies to source $320-million in funding for the Nachu graphite project, in Tanzania.

As part of the financing process, PEY has recently engaged its related Tanzanian entity, Tantel, to provide local financial and operational support services.

“Our financing discussions with PEY and Tantel continue to progress in a positive manner,” said chairperson Frank Pullas.

“In recent months Magnis has been in discussions for the offtake of significant volumes of graphite
concentrate,” he added.

The funding will allow for the full development of Nachu to produce 240 000 t/y of graphite concentrate.

Edited by Creamer Media Reporter

Comments

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
Universal Storage Systems (SA)
Universal Storage Systems (SA)

South African leader in Steel -Racking, -Shelving, and -Mezzanine flooring. Universal has innovated an approach which encompasses conceptualising,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Mining Weekly Editor Martin Creamer
Copper shares soar and green hydrogen goes digital
26th April 2024
Magazine cover image
Magazine round up | 26 April 2024
26th April 2024

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







sq:0.191 0.229s - 91pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: