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Posco wins right to life-of-mine supply of graphite mines in Tanzania 2020.12.18 12:09:21 | 2020.12.21 15:43:25 Posco wins right to life-of-mine supply of graphite mines in Tanzania Receiver South Korea’s biggest steel producer Posco is set to acquire a 15 percent stake in Australian graphite developer Black Rock Mining to secure an offtake right for up to 100 percent of graphite fine output from Mahenge graphite project in Tanzania, earning comfortable raw material supplies for its battery business. The Australian company disclosed Thursday that it has reached a conditional agreement with Posco to sell a 15 percent stake for $7.5 million. Once the deal is finally approved, Posco would obtain the right to life-of-mine offtake supply of 100 percent of graphite fines from Mahenge Module One in Tanzania, plus the right to nominate a director to the board of Black Rock Mining. ....
Posco wins right to life-of-mine supply of graphite mines in Tanzania 2020.12.18 12:09:21 | 2020.12.21 15:43:25 Posco wins right to life-of-mine supply of graphite mines in Tanzania Receiver South Korea’s biggest steel producer Posco is set to acquire a 15 percent stake in Australian graphite developer Black Rock Mining to secure an offtake right for up to 100 percent of graphite fine output from Mahenge graphite project in Tanzania, earning comfortable raw material supplies for its battery business. The Australian company disclosed Thursday that it has reached a conditional agreement with Posco to sell a 15 percent stake for $7.5 million. Once the deal is finally approved, Posco would obtain the right to life-of-mine offtake supply of 100 percent of graphite fines from Mahenge Module One in Tanzania, plus the right to nominate a director to the board of Black Rock Mining. ....