Mining

Tanzania : Walkabout forecast low production rate at Lindi

Tuesday, 13 September 2016 21:55

ASX-listed miner Walkabout Resources declared on Sept 9, 2016, that annual graphite production rate at its Lindi project, in Tanzania, should be below 40,000 tons. This was revealed by the firm’s MD, Allan Mulligan, who refused to announce the results of the exploratory study conducted by the firm, at Lindi.

“Our production level will be modest, probably the most modest among all the aspirant producers on the ASX. Unfortunately we can’t announce the production rate or any of the metrics [of the scoping study] because of the ASX rules, but as soon as the resource has been upgraded, we will be coming to the market with those metrics and shortly thereafter with a definitive feasibility study,” said Mulligan.

Lindi is contiguous with the Nachu graphite project. Le projet Lindi est adjacent au projet de graphite de classe mondiale Nachu. Walkabout which declared a maiden resource of 15.3 million tons in January 2016, said construction works for the project should start in 2017.

Louis-Nino Kansoun

On the same topic
Uganda adopts first new oil policy since 2008 as production approaches Framework aims to attract investors and strengthen local...
Fouani Nigeria and JinkoSolar agree on 500 MW of solar panels for decentralized use Project targets homes, businesses, and industrial sites amid...
New plastics factory aims to supply Algeria’s growing auto assembly sector Project seeks to reduce imports and raise local content in vehicle...
Government to develop 11 industrial zones by 2029 to boost regional production First sites set to launch in 2026, focused on agro-industry and...
Most Read
01

Mediterrania Capital bought Australian Amcor's Moroccan packaging unit Enko Capital took ov...

Two Other African-focused Private Equity Firms to Snap Up assets shed by Global Majors
02

Standard Chartered arranges $2.33 billion for Tanzania railway project Funding support...

Tanzania Secures $2.33 Billion in Syndicated Financing for Standard Gauge Railway
03

Central bank to release $1 billion in cash to curb black market demand Move aims to ease inf...

Libya Opens Dollar Sales to Ease Pressure on Dinar and Prices
04

From WHO-led efforts to strengthen pandemic preparedness to measles vaccination drives in Uganda, al...

Weekly Health Update | Africa Steps Up Pandemic Preparedness as Health Sovereignty Takes Center Stage
05

Jetour to produce T1, T2 SUVs in South Africa from 2027 Chery to acquire Rosslyn plant, cre...

Chinese Automaker Jetour to assemble SUVs in South Africa from 2027
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.