New agreement could see Namangale start

June 15, 2017

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Graphite developer Volt Resources has inked a cooperation agreement with China National Building Materials General Machinery (CNBMGM), which could see the Chinese company become involved in the development of the Namangale project, in Tanzania.

Under the agreement, CNBGMG would become a potential offtake partner for graphite concentrate produced at the project, as well as providing engineering/construction support and facilitating the provision of project finance and credit insurance for both Stage 1 and Stage 2 of the project.

Category: General