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Black Rock Mining moves along path towards graphite exports with new regulations

2020-09-27

Sept. 26, 2020 - Black Rock Mining has welcomed the publication of regulations by the Government of Tanzania concerning graphite concentrate exports which establishes a firm path to advance the Mahenge Graphite Project.

 

The progression from guidelines to regulations comes with the issuing of Government Notice 687 of 2020 The Mining Regulations, 2020. The 2020 regulations revoke the 2019 The Mining Guidelines of 2019.

 

The updated regulation continues the policy of maintaining a minimum graphite concentration of 65% total graphitic carbon and payment of royalties as conditions of export. 


Black Rock has demonstrated in two independent pilot plant operations that Mahenge can produce graphite concentrate at grades of up to 98% Carbon by LOI, which confirms Black Rock’s Definitive Feasibility Study view that Mahenge graphite concentrate is suitable for export.

Mahenge graphite concentrate can be produced at grades of up to 98% carbon by Loss on Ignition (LOI)


Commenting on the release of the Regulations, Black Rock MD and CEO, John de Vries, says: “This update is important as it transitions the 2019 Guidelines to Regulations. Having clarity on export controls for graphite products is an important and timely step for Black Rock, and our 100% owned operating company, Mahenge Resources, for meeting likely financial Conditions Precedent as part of the development of the Mahenge Graphite Project”.

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