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
Gold production rose 10% year on year, reaching 1.21 mln ounces in 2025. Lafigué delivered its first full year of output, offsetting declines at other...
Galiano Gold will invest at least C$17mln in gold exploration in Ghana in 2026. The budget is up 70% year on year and targets reserve growth at the...
Nigeria lowered oil and gas signature bonuses to $3m–$7m from much higher past levels. The change applies to payments made before license awards...
Mozambique expects Rovuma LNG construction to start within 12-18 months Improved security enables restart of major northern gas...
Most Read
01

Except for Tunisia entering the Top 10 at Libya’s expense, and Morocco moving up to sixth ahead of A...

Global Firepower Index 2026: Egypt, Algeria, Nigeria Lead Africa's Military Rankings
02

Circular migration is based on structured, value-added mobility between countries of origin and host...

Circular migration as a lever to turn Africa’s student exodus into value
03

President Tinubu approved incentives limited to the Bonga South West oil project. The project tar...

Nigeria approves targeted incentives to speed up Shell’s Bonga South West project
04

CBE introduced CBE Connect in partnership with fintech StarPay. The platform enables cross-border...

Ethiopia’s CBE launches digital platform to channel diaspora remittances
05

Urban employment reached 53.7% in WAEMU in early 2025 Most jobs remain informal, low-paid, and in...

WAEMU employment tops 50% in 2025, but job quality remains weak
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.