EcoGraf has released an updated Bankable Feasibility Study for the Epanko Graphite Project in Tanzania, confirming a 73,000 tonnes per annum operation and a project value of USD 516 million before tax. The study supports project financing, expansion to 390,000 tonnes per annum, and long-term battery market demand growth.
Tanzania’s State Mining Corporation (STAMICO) has entered into a strategic partnership with South Africa’s Plantcor Mining and Plant Hire for the Kigosi gold mining project in Bukombe District. This collaboration involves advanced airborne geological surveys and technology transfer to enhance national mineral production and local employment opportunities.
The Tanzania Mining Commission has signed a financing agreement with CRDB Bank to improve access to capital for small-scale miners. The initiative aims to expand formalization, productivity, and sector contribution to GDP through tailored financial solutions, financial education, and formalization support.
The Epanko Graphite Project developer has signed a technical assistance agreement with the European Investment Bank to support studies for expanding the graphite mining project and development planning for processing graphite into battery anode materials. The assistance also supports work aimed at enabling the project to supply graphite into European battery manufacturing supply chains.
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