Chinese consortium reaffirms commitment to Graphex’s Tanzania project

July 13, 2017

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The share price of graphite developer Graphex Mining rose by nearly 35% on the ASX on Thursday after the company’s Chinese partners reaffirmed their commitment to the Chilalo project, in Tanzania.

Graphex told shareholders that it had revised the terms of a proposed joint venture (JV) and equity investment agreement previously reached with the syndicate of investors, led by CN Docking Joint Investment & Development.

Category: General