Diamante Building, 3rd Floor Wing A, 22 Chole Road
Plot No. 2016, Masaki
Dar es Salaam, TZ
Faru Graphite Corporation reposted this
POSCO and the Black Rock Mining Ltd team during a recent site visit at the #Mahenge Graphite project. The companies recently announced a watershed deal representing the first major investment in a #graphite mine by an #anode producer. #criticalmineral #batterymetals #mining #Tanzania #cleanenergy Daniel Pantany Rae Wyatt John de Vries Steuart McIntyre ASX.BKT #invest ______________________
Faru Graphite Corporation reposted this
Black Rock Mining Ltd Quarterly Activities Report - June 2024. Mahenge #graphite Mine, #Tanzania. $BKT #BKT #batterymetals #anode #EV #cleanenergy #battery #criticalmineral #Faru #ESG #ASX ASX:BKT #invest Link to Report: https://bit.ly/46r9c7y ____________________
Faru Graphite Corporation reposted this
Black Rock Mining Ltd completes full form #offtake agreements for large flake graphite concentrate with two key industrial customers, Muhui International Trade (Dalian) Co. Ltd (Muhui), and Qingdao Yujinxi New Material Co. Ltd (Qinqdao). Commenting on the Offtake Agreements, Black Rock CEO, John de Vries, said: “We are very pleased to be executing the full form Offtake Agreements with our key industrial customers Muhui and Qingdao for the high-quality large flake graphite concentrate products from Mahenge. One of Mahenge’s key competitive advantages is the ability to produce a higher ratio of high-value, high-quality large flake graphite products than most of the existing graphite mines in production. We look forward to deepening our relationship with Muhui and Qingdao and extending our supply chain into heavy industrial users. Signing these Offtake Agreements represents completion of another key milestone and clearly illustrates our growing confidence that all elements required to finance and develop the Mahenge Graphite Project are coming together.” Link to Announcement: https://bit.ly/4bo7G71 $BKT #graphite #criticalmineral #batterymetals #expandablegraphite #cleanenergy ASX.BKT #invest _________________________
Faru Graphite Corporation reposted this
Black Rock Mining Ltd receives firm commitments for A$10 million at 6.5c per share in a well-supported Placement to new and existing institutional and sophisticated investors. Funds to be used for final Mahenge preparations ahead of the Final Investment Decision (FID), including loan and contract documentation, detailed design and equipment specification and for general corporate purposes. Petra Capital Pty Ltd acted as Sole Lead Manager and Sole Bookrunner to the Offer. Commenting on the equity raise, Black Rock CEO, John de Vries, said: ”We are very pleased with the level of support provided from existing shareholders and welcome several new institutional shareholders to the Black Rock register. We have several key de-risking milestones due near term and this A$10m placement should provide the Company with sufficient cash reserves to complete loan and contract documentation ahead of FID as well as working towards consummating a deal in the partner process in which we are aiming to sell a stake in the project at a premium as a less dilutive pathway to cashflow. With all our key approvals now in place for US$153m in debt facilities for Mahenge, we are also expecting to receive confirmation of POSCO’s approvals near term for its equity investment in Black Rock of up to US$40m.” Link to Announcement: https://bit.ly/43zfxMx #graphite $BKT #BKT #criticalmineral #mining #EV #anode #batterymetals #cleanenergy #ASX #invest ____________________
Faru Graphite Corporation reposted this
Black Rock Mining Ltd CEO/MD John de Vries provides an outline for the completion of debt funding with US$153m of approvals announced to develop the Mahenge #Graphite Project. $BKT #BKT #Tanzania #Africa #Mahenge #mining #batterymetals #anode #EV #cleanenergy #criticalmineral ASX:BKT #invest ______________________
Faru Graphite Corporation reposted this
Black Rock Mining Ltd confirms it now has the key approvals in place for the US$153m in debt facilities required to develop the Mahenge #Graphite Project. Link to release: https://bit.ly/496VSoE $BKT #BKT #Tanzania #Africa #mining #batterymetals #anode #EV #cleanenergy #criticalmineral ASX:BKT #invest ______________________
Faru Graphite Corporation reposted this
Black Rock Mining Ltd receives US$53.4m loan approval from The Industrial Development Corporation (IDC), now securing approvals for the target US$113m Term Loan for Mahenge #Graphite project, #Tanzania. Link to Release: https://bit.ly/3IG1ivX $BKT #BKT #Tanzania #Africa #mining #batterymetals #anode #EV #cleanenergy #battery #criticalmineral #Faru #ESG ASX:BKT #invest _________________________
Black Rock Mining Ltd and Faru Graphite Corporation are pleased to see its strategic partner, POSCO, announce plans to increase its investment in the mining sector in Tanzania, during a presentation at the Important Minerals and Strategy Meeting for Asia and Africa. Graphite is key critical material for clean energy markets, with Africa in particular recognised as becoming a hub for new, secure and robust supply. The news by POSCO provides a clear signal for their commitment to Black Rock Mining Ltd and #Tanzania who will support POSCO Future M's battery materials business growth ambitions. $BKT #BKT #Faru #Tanzania #Africa #cleanenergy #mining #graphite #criticalmineral #ESG ASX:BKT #invest
🌎📍Exciting News: POSCO to Expand Investment in Tanzania!🇹🇿🇹🇿 🤝We are thrilled to share that POSCO, a global leader in iron ore production based in South Korea, has announced plans to increase its investment in the mining sector in Tanzania. This decision was revealed during a presentation at the Important Minerals and Strategy Meeting for Asia and Africa, where POSCO expressed its commitment to strengthening international business cooperation. 📍During the meeting, POSCO outlined its partnership with Black Rock, a mining company collaborating with the Tanzanian Government on the Mahenge Graphite Mine project in the Ulanga district. Deputy Permanent Secretary of the Ministry of Minerals, Msafiri Mbibo, assured POSCO of Tanzania’s full support and cooperation in their investment endeavors. ✴️As Tanzania continues to attract investment in its mining sector, POSCO’s decision highlights the country’s potential as a lucrative destination for experienced investors. The Tanzanian delegation also had the opportunity to explore POSCO’s activities at the EV TREND KOREA international exhibition. Stay tuned for more updates on this exciting development in the mining industry! #Vision2030 #MiningIndustry #TanzaniaDevelopment #TANZANIA #TanzaniaMinerals #Networking #TanzaniaMining #Vision2030 #MadiniNiMaishaNaUtajiri #MineralResearch #MiningSectorGrowth #MineralGovernance #InvestInTanzaniaMiningSector #MineralInvestment #Geoscience #SouthKorea #StrategicMinerals #Investment #Mining #Tanzania #POSCO #BusinessExpansion
Faru Graphite Corporation reposted this
Julius Nyerere Hydropower Dam has initiated operations ahead of the official operational launch in March. At completion, JNHPP will have a projected capacity of 2,115MW being the biggest hydroelectric project in Africa that will produce 5,920GWh of power annually. https://bit.ly/3OWmbX8 $BKT #BKT #Tanzania #Africa Ministry of Energy and Minerals (MEM), Tanzania TanzaniaInvest #renewableenergy #hydropower #cleanenergy #mining #graphite #criticalmineral #Faru #ESG ASX:BKT #invest ____________________________
Faru Graphite Corporation reposted this
Photos from Investing in African Mining Indaba with Black Rock Mining Ltd CEO/MD John de Vries winning the annual Investment Battlefield competition for Africa’s top junior Development mining companies. $BKT #BKT #Tanzania #Africa #mining #graphite #batterymetals #anode #EV #cleanenergy #battery #criticalmineral #Faru #ESG ASX:BKT #invest ____________________________