Tirupati reports big increase in flake graphite output
Madagascar-focused flake graphite miner Tirupati Graphite has recorded a 188% year-on-year increase in production for the three months ended June 30, as it continues to ramp up its Vatomina and Sahamamy projects.
Production for the quarter under review was 2 371 t, compared with the 822 t of graphite produced in the three months ended June 30, 2022.
Sales were also 245% higher at 2 772 t in the reporting quarter, compared with 803 t of sales in the prior comparable period.
Tirupati expects to reach 50% capacity utilisation in the quarter ending September 30, and 75% in the quarter after that.
Given the strong sales and revenue performance during what was the first quarter of the 2024 financial year for the company, Tirupati expects to exceed the production and sales revenue it achieved in the prior financial year before the end of August.
The company says graphite demand continues to grow globally on the back of clean energy transitions, with China’s historical over-capacity of graphite being absorbed rapidly.
Tirupati now holds yearly orders with average monthly volumes of 1 200 t, in addition to the various short-term and spot orders it receives on a regular basis.
It remains focused on increasing market reach for its productions and aligning operations to meet stringent specifications from clients, as well as improving overall efficiencies in mining and processing at its two operations.
Vatomina and Sahamamy have a combined 30 000 t/y production capacity, with up to 97% purity, which it plans to increase to 84 000 t/y as per the company’s modular medium-term development plan.
The company ultimately aims to satisfy 8% of the estimated global graphite demand of five-million tons a year by 2030, by developing the recently acquired Montepuez and Balama Central projects, in Mozambique.
Comments
Research Reports
Latest Multimedia
Latest News
Showroom
Avlock International is a leading manufacturer and distributor of Specialized Fastening Systems.
VISIT SHOWROOM
Leading condition monitoring specialists, WearCheck, help boost machinery lifespan and reduce catastrophic component failure through the scientific...
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
