EcoGraf looking at further investment in Tanzania

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Graphite developer EcoGraf is weighing further investment in Tanzania, where the company was progressing its Epanko project. Speaking to Mining Weekly Online on the sideline of Paydirt’s Africa Downunder conference, EcoGraf COO Dale Harris said the company is studying the establishment of a manufacturing hub to produce spherised graphite in Tanzania.

PERTH – Graphite developer EcoGraf is weighing further investment in Tanzania, where the company was progressing its Epanko project.said the company is studying the establishment of a manufacturing hub to produce spherised graphite in Tanzania.

Harris said that the study into the midstream manufacturing hub would match the Stage 1 production of the Epanko project, and that the mine and the manufacturing project would likely be brought online with similar timelines. The initial BFS was based on the production of 60 000 t/y of natural flake graphite products and would have an initial mine life of 18 years, delivering a pre-tax net present value of $211-million and annual earnings before interest, tax, depreciation and amortisastion of $44.5-million.

 

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