https://www.miningweekly.com
Construction|Engineering|PROJECT|Technology|Products
Construction|Engineering|PROJECT|Technology|Products
construction|engineering|project|technology|products

EcoGraf and POSCO weigh critical minerals chain in Tanzania

31st May 2023

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – ASX-listed EcoGraf has signed a non-binding cooperation agreement with South Korea’s POSCO International to establish a potential battery anode materials supply chain in Tanzania.

The two companies have agreed to enter into definitive arrangements for the sale and purchase of battery anode material products over an initial ten-year term, from the start of production.

In the first year of the offtake agreement, EcoGraf will supply between 7 500 t and 12 500 t of battery anode material. This will increase to between 12 500 t/y and 20 000 t/y between year two and year five of the offtake, and will again increase to between 20 000 t/y and 40 000 t/y between year six and year ten.

The two companies will also collaborate in establishing a global battery anode materials supply chain hub in Tanzania, with the development and expansion of EcoGraf’s Epanko graphite mine, the development of the Merelani-Arusha graphite project, the development of battery anode material micronizing and spheronizing facilities to supply unpurified spherical graphite for purification, and the development of by-product fines, including EcoGraf's GreenRECARB.

Under this agreement, POSCO’s engineering, construction, financing and investment capabilities will be engaged.

Additionally, the two companies will leverage EcoGraf’s proprietary graphite purification technology, locating planned battery anode material processing facilities near planned POSCO anode production developments to ensure logistical and operational efficiencies, and having the two companies collaborate on customised purification technologies to de-risk the short-term supply chain risk in South Korea, Europe and North America.

Edited by Creamer Media Reporter

Comments

Showroom

Universal Storage Systems (SA)
Universal Storage Systems (SA)

South African leader in Steel -Racking, -Shelving, and -Mezzanine flooring. Universal has innovated an approach which encompasses conceptualising,...

VISIT SHOWROOM 
Aqs image
AQS Liquid Transfer

AxFlow AQS Liquid Transfer (Pty) Ltd is an Importer and Distributor of Pumps in Southern Africa

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 10 May 2024
Magazine round up | 17 May 2024
17th May 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.244 0.283s - 90pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: