Battery Minerals has been awarded a mining licence for its Montepuez graphite project by the Mozambican Government.
With the mining licence granted, binding offtake agreements in place and work now started on the ground, Montepuez is on track for commissioning in the December quarter this year, according to Battery Minerals.
David Flanagan, Battery managing director, said securing the licence meant the company had approvals for stages one and two of the project and for production of at least 100,000 tonnes a year (t/y) of graphite concentrate.
“We now move to accelerate construction on all fronts and join the ranks of producers,” Flanagan said.
“I would like to thank Minister Ernesto Max Tonela, his staff and the Mozambican Government for granting our mining licence and their efficient processing of our mining licence application.
“Montepuez will create more than 170 jobs when it is operating.”
Battery is working towards first shipment from Montepuez in the March 2019 quarter. In December 2017 and January 2018, Battery signed four binding offtake agreements for up to 41,000t/y of graphite concentrate, representing more than 80 per cent of the operation’s forecast annual production.