Black Rock Mining Ltd
Black Rock Mining Limited is an Australia-based company, which is engaged in producing graphite in Tanzania.
The business
Black Rock Mining Limited is an Australia-based company, which is engaged in producing graphite in Tanzania. Its segments include Graphite and Corporate. The Company has approximately 84% interest in the Mahenge Graphite Project (Mahenge) located in Tanzania. The Project has a joint ore reserves committee (JORC) compliant mineral resource estimate of approximately 213m tons. The Mahenge Project is spread across 324 square kilometers of exploration tenements in Tanzania’s Ulanga district, approximately 250 km north of the border with Mozambique. The Mahenge Project is also located approximately 250 kilometers west of the coastal port city of Mtwara on the Indian Ocean and 300 kilometers southwest of Tanzania’s city, Dar es Salaam. The Company's subsidiaries include Mahenge Resources Limited, Grafiti Resources Pty Ltd and Faru Grahite Corporation Limited.
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Latest news
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Black Rock Mining secures multiple funding investments for Mahenge graphite development
Black Rock Mining (ASX: BKT) has finalised multiple funding investments to advance the development of the Mahenge graphite project in Tanzania. The company’s strategic alliance partner POSCO International agreed in early September to invest US$40 million via a two-tranche share placement that will increase its stake in Black Rock from 10.1% to 19.99%. The placement […]
Black Rock Mining completes Mahenge debt financing with US$179m facility from African banks
Tanzanian explorer Black Rock Mining (ASX: BKT) and its subsidiary Faru Graphite have secured a facilities agreement with three African banks to provide US$179 million in funding to develop the Mahenge graphite project. The deal was signed with the Development Bank of Southern Africa (DBSA), the Industrial Development Corporation of South Africa (IDC) and Tanzanian […]
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