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Company News
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 […]
Weekly wrap: Nvidia and AirTrunk bookend a big week for the Australian market
The week on the Australian share market can be neatly summarised by two vastly different technology bookends. One was the incredible 9.5% single day plunge in the value of Nvidia shares, which wiped out an incredible US$278.9 billion (A$415.5 billion) of market capitalisation for the AI chip maker in one fell swoop. And the second […]
Black Rock Mining secures US$40m POSCO investment for Mahenge graphite offtake
Graphite developer Black Rock Mining (ASX: BKT) will receive a US$40 million equity investment from South Korean steel conglomerate POSCO International in exchange for long-term offtake rights from Module 2 of the world-class Mahenge graphite project. The investment will be in the form of a binding subscription agreement, which remains subject to certain conditions including […]
Black Rock Mining forms alliance with Korean lithium ion battery player for Mahenge graphite development
Aspiring graphite producer Black Rock Mining (ASX: BKT) has entered into a strategic alliance with Korean anode feedstock maker POSCO for the development of the world-class Mahenge project in Tanzania. A memorandum of understanding signed by the two companies anticipates an initial investment by POSCO of up to US$10 million (A$14.3 million) by way of […]
Black Rock Mining starts negotiations with Tanzanian government to advance Mahenge graphite project
Black Rock Mining (ASX: BKT) has begun formal negotiations with the Tanzanian government on the ownership structure of its Mahenge graphite project, a key step in progressing finance discussions to start construction. In a market update, the graphite-focused developer said it is working constructively to complete the government’s shareholding and ownership structure of its 16% […]
Black Rock Mining signs first offtake agreement for Mahenge graphite mine with major Chinese supplier
Aspiring resources developer Black Rock Mining (ASX: BKT) has signed a maiden offtake agreement for natural flake graphite from its Mahenge mine in Tanzania with China’s Heilongjiang Bohao Graphite. Signed via the company’s wholly-owned subsidiary Mahenge Resources, the three-year agreement will cover approximately 37.5% of the mine’s proposed steady-state annual production of 240,000 tonnes per annum […]
Positive pilot plant news for graphite focused Black Rock Mining
Junior graphite producer Black Rock Mining (ASX: BKT) thinks it can deliver 99% pure graphite at scale, following successful test results conducted on ore from its Mahenge graphite project in Tanzania. Using only floatation methods, Black Rock managed to produce 99%-plus graphite concentrate during recent pilot plant testing at SGS Lakefield in Canada. The pilot […]
