Page 2 - Faru Graphite News Today : Breaking News, Live Updates & Top Stories | Vimarsana

POSCO International has entered the secondary battery materials business in support of its parent firm's effort to specialize in eco-friendly materials, a company official said Monday. The trading firm signed a long-term supply contract with FARU Graphite in Tanzania, a subsidiary of Australian mining company Black Rock Mining, to receive 750,000 tons of natural graphite over the next 25 years after investing $10 million (13.2 billion won).

Flake and spherical graphite prices were up only very slightly over the past month. Read more here.

THE government expects to earn over $3.6m (8.4bn/-) annually once the envisaged graphite mine at Mahenge in Ulanga District, Morogoro Region, starts operations.

Tanzania expects to earn over US$3.6 million annually once the envisaged graphite mine at Mahenge in Ulanga District, Morogoro Region, starts operations.

Black Rock Mining's (BKT) subsidiary Faru Graphite is awarded a special mining licence for the Mahenge project in Tanzania.