https://www.miningweekly.com

Triton tips possible partner for Ancuabe

16th August 2017

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Graphite developer Triton Minerals has signed a memorandum of understanding (MoU) with China’s Sinoma Overseas Development Company providing terms for offtake, engineering, procurement and construction (EPC) services, debt financing and project investment at the Ancuabe project, in Mozambique.

Triton MD Peter Canterbury told shareholders on Wednesday that the MoU was a transformational event for Triton.

“Securing the MoU with Sinoma, an ideal project partner for Triton given its deep expertise in the Chinese building materials sector, and its financial strength and project execution capability, underscores the quality of the Ancuabe project and increasing demand for expandable graphite.”

A recent scoping study into the project revealed that Ancuabe could produce about 60 000 t/y of graphite over a 17-year mine life. The project is likely to require a capital investment of $83-million, with capital costs estimated at $601/t over the life of the mine.

The MoU provided the two companies with a framework to negotiate formal terms for an offtake and EPC contract, as well as for the financing of the Ancuabe project, consistent with Triton’s strategy of rapidly developing the project.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

ASTPM
ASTPM

Established in 1983, the ASTPM is an industry association and representative body of the welded carbon steel tube and pipe manufacturers of South...

VISIT SHOWROOM 
Virtual Gas Network (Pty) Ltd
Virtual Gas Network (Pty) Ltd

Virtual Gas Network supplies compressed natural gas via a virtual gas distribution network.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

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:0.05 0.893s - 128pq - 2rq
Subscribe Now