https://newsletter.mw.creamermedia.com
Energy|Export|Logistics|Equipment
Energy|Export|Logistics|Equipment
energy|export|logistics|equipment

EcoGraf taps Tanzania for possible downstream development

19th September 2023

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – ASX-listed EcoGraf on Tuesday said it was finalising a preferred site for a potential unpurified spherical graphite (SPG) and fines facility in Tanzania, after an independent study confirmed the economic opportunity.

The company told shareholders that its Tanzanian mechanical shaping study had identified four locations for the initial development of a 20 000 t/y processing facility using natural flake graphite sources from the Epanko mine, in Tanzania.

The study confirmed cost savings of up to 50% when compared with previous studies undertaken by EcoGraf on other global locations, with similar capital cost possible through locating these activities in Tanzania, driven by substantially lower energy costs - the major cost component for milling and shaping.

Furthermore, a Tanzania-based mechanical shaping operation would support optimised global logistics into Europe, Asia and North America with location footprint sought to support future expansion, enabling EcoGraf to expand in step with the anticipated strong growth in demand for active anode material, the company told shareholders.

EcoGraf is now finalising the preferred site based on securing development sites, regulatory approvals and investment incentives from Tanzania’s Export Processing Zones Authority, which could include up to 10-year exemptions on corporate tax, local government taxes, VAT on utilities and exemptions on duties for capital equipment.

Edited by Creamer Media Reporter

Comments

Showroom

SABAT
SABAT

From batteries for boats and jet skis, to batteries for cars and quad bikes, SABAT Batteries has positioned itself as the lifestyle battery of...

VISIT SHOWROOM 
Yale Lifting Solutions
Yale Lifting Solutions

Yale Lifting Solutions is a leading supplier of lifting and material handling equipment in Southern Africa. Yale offers a wide range of quality...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (15/11/2024)
15th November 2024 By: Martin Creamer
Magazine round up | 15 November 2024
Magazine round up | 15 November 2024
15th November 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.466 0.556s - 144pq - 2rq
Subscribe Now