trending Market Intelligence /marketintelligence/en/news-insights/trending/yT4SS0KwjrS79OUWAWYRmw2 content esgSubNav
In This List

Triton signs investment, off-take deal for Ancuabe graphite project


Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage


Energy Evolution | Looking ahead to the energy transition in 2023


Path to Net-Zero: How are mining companies tracking?


The Big Picture for 2023: Will Economies See Relief from Knock-on Effects of Russia-Ukraine Conflict?

Triton signs investment, off-take deal for Ancuabe graphite project

Triton Minerals Ltd. signed a nonbinding memorandum of understanding with Qingdao Jinhui Graphite Co. Ltd. to develop the Ancuabe graphite project in Mozambique.

The parties expect to execute a binding agreement within six months. The agreement would include Jinhui providing direct investment of up to 10% in the project, financing support through concessional debt or equipment financing facilities, off-take of up to 15,000 tonnes per annum of graphite concentrate, and technical collaboration for value-added processing to supply Ancuabe graphite into Chinese markets.

Triton said March 14 that the Mozambique Ministry of Mines recommended that the Ancuabe mining concession be granted for an initial period of 25 years, and it now awaits approval from the minister of mines.

In November 2018, the company signed a nonbinding agreement with Suzhou Sinoma Design and Research Institute of Nonmetallic Minerals Industry Co. Ltd. covering the potential funding and provision of services for Ancuabe.