Volt garners more Chinese interest
PERTH (miningweekly.com) – Graphite developer Volt Resources has signed an offtake agreement with China’s Guangxing Electrical Materials (GEM) for 5 000 t/y of flake graphite concentrate from the Stage 1 production of the Namangale project, in Tanzania.
The company said on Friday that it was hoping to finalise a binding offtake agreement for the five-year contract, which starts in mid-2018, by the end of September this year.
This is the third such agreement signed by Volt with a Chinese group since May this year, with the company also completing a 1 000 t/y offtake agreement with US-based NanoGraphene.
“The benefits from our recent visit to China continues to flow through with GEM agreeing to take 5 000 t of flake graphite concentrate from mid-2018. As we progress the satisfaction of conditions precedent for each of the current agreements in place, Volt could have binding commitments for all Stage 1 production before year-end,” said CEO Trevor Matthews.
Volt was planning to develop the Stage 1 Namangale project into a 10 000 t/y to 20 000 t/y graphite processing operation, with the Stage 2 development, which will be completed in 2020, to be based on market demand.
Matthews said that the agreements were significant assets to bring to the table as the company continued discussions with prospective investors and financiers, to provide development funding for the Stage 1 development.
Comments
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