Tag: Tanzania

Image: Black Rock Mining BY GERARD MCARTNEY BLACK Rock Mining has been granted two contiguous mineral licences to begin development of the Mahenge graphite mine. Mahenge Resources, Black Rock’s 100 per cent owned Tanzanian subsidiary, announced it was granted the licences by the Tanzanian ministry of minerals on 26 February, which complemented the environmental permit awarded to the company on 5 September 2018. The Mahenge project was expected to have a 32-year mine life, capable of delivering up to 250,000 tonnes per annum of 98.5 per cent graphite concentrate. Black Rock delivered its scoping study in March 2016 and, in June 2016, produced the world’s first 99.1 per cent TGC purity by lab flotation. In May 2018, the company produced...

The JV will encompass the company’s southern tenements in Tanzania including Miteja, Kiswere, Sudi and Mtwara. Image: Strandline Resources. BY ELIZABETH FABRI RIO Tinto has entered an earn-in joint venture agreement with ASX-listed Strandline Resources for a majority interest in the company’s mineral sands tenements in southern Tanzania. The terms of the agreement require Rio Tinto to spend $US5 million within three and a half years to earn a 51 per cent participating interest, including a mandatory commitment of $US2 million within 18 months. A second stage payment of $US4 million was also required within two years to earn a 75 per cent interest in the project, plus cash payments totalling $US1.75 million over the course of the agreement. Both...