Black Rock gets mining licence at Mahenge
PERTH (miningweekly.com) – Graphite developer Black Rock Mining has been granted two contiguous mining licences for the development of its Mahenge project, in Tanzania.
“This milestone is a significant step in delivering the Mahenge graphite mine. Licensing gives all stakeholders comfort that Tanzania wants this project to be developed. Securing the mining licence is the final step in allowing us to obtain financing to construct the mine,” said Black Rock CEO John de Vries.
The mining licences complemented the environmental permit, which was awarded in September last year.
Subject to the completion of detailed engineering and financing, Black Rock could now start the development of the $115-million Phase 1 project, which would deliver 83 000 t/y of graphite concentrate.
For a further $69.5-million, the Phase 2 project would increase production by 83 000 t/y, with the Phase 3 project requiring a capital investment of $84.2-million to add an additional 83 000 t/y. Over the 32-year mine life, Mahenge is expected to reach an average steady-state production of 250 000 t/y.
“We remain convinced this is the most compelling graphite development project globally. We have best in class financial metrics supported by a 90 t pilot plant delivering 8 t of product to over 20 global customers,” said De Vries.
He said that Mahenge was the only project capable of delivering a concentrate grade of over 99% without the use of acid, and binding offtakes for up to 205 000 t/y by its third year of operation.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
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