Battery Minerals has secured an offtake agreement with Qingdao Guangxing Electronic Materials (GEM) for development of its Montepuez graphite project in Mozambique.
ASX-listed Mustang Resources, a rising gem explorer operating out of Mozambique, has secured $19.95 million in convertible note funding from US investment company, Arena Investors.
Battery Minerals has signed an offtake agreement that covers 20 per cent of the first phase of production from its Montepuez graphite project in Mozambique.
Following on from $20 million of capital raising earlier this month, extensive recruitment is now underway at Battery Minerals’ Montepuez graphite project.
Syrah Resources has produced its first bagged saleable flake graphite from the Balama project in Mozambique.
WA graphite explorer Battery Minerals has received $19.5 million in share placements and $500,000 from its drilling contractor (in return for equity) in order to fund its Balama and Montepuez projects in Mozambique.
American law firm Hagens Berman has filed a class action lawsuit against Rio Tinto over the miner’s failed dealings in Mozambique earlier this decade.
Rio Tinto and two former leading executives, including Tom Albanese, have been charged with fraud in the United States over the company’s dealings in Mozambique earlier this decade.
Syrah Resources plans to raise $110 million to fund the ramp up of production at the Balama graphite project in Mozambique, Africa.
Rio Tinto has confirmed reports that it is under investigation by the US Securities Exchange Committee (SEC) over an impairment in its 2012 accounts in Mozambique.
Graphite explorer Triton Minerals has announced a major offtake deal which will see $255 million invested into their Nicanda Hill operation.
Rio Tinto has announced it will sell its coal assets in Mozambique to International Coal Ventures.
The President of the Republic of Mozambique Armando Guebuza was in Mackay yesterday learning about coal export and infrastructure in the region as part of his Australian tour.
Rio Tinto’s massive write-down of Mozambique coal assets proves Australia’s deposits and infrastructure are of a higher quality, UBS analysts claim.
Peabody Energy CEO Gregory Boyce has slammed the Australian Government’s mining polices, and called for the establishment of commission to ensure resources policies serve the nation’s long term interests.
Rio Tinto has announced its first shipment of coal from its Benga mine in Mozambique as construction begins on third building at Perth Airport.