Sri Lankan vein graphite exporter Bogala Graphite Lanka
Plc is considering whether to remain listed on the
Colombo Stock Exchange in view of the bourse’s
minimum public float rules, according to a report by Sri
Lanka’s Daily Mirror.
"The company is evaluating what steps it should take to remain
as a listed entity," the company said in its financial
statement for the period ending 30 September 2015. "Once a
decision is made, all shareholders will be kept
The Sri Lankan miner is more than 90% owned by Germany-based
Graphit Kropfmuhl GmbH, now AMG
Graphite. The Sri Lankan Treasury
Secretary holds a 0.54% stake in the company, which
has a market capitalisation of Sri Lankan rupee (SLR) 1.59bn
According to the Daily Mirror, a number of companies
have delisted from the Colombo Stock Exchange while others have
demoted themselves to its secondary board in response to new
listing rules introduced in January 2014.
The rules state that the public must have a 20% stake in main
board listed businesses or a 10% holding in secondary board
companies by a deadline of 31 December 2016.
Syrah Resources Ltd has signed a statement of
sales intent (SSI) for an offtake agreement with an unnamed
company, described as "one of the world’s largest
The deal, if
finalised, will see the refractories business purchase 15,000
tpa graphite from Syrah’s Balama project in
Mozambique to be used in manufacturing facilities worldwide.
Syrah said that the SSI will be valid for 10 years and that the
potential customer has received samples of Balama graphite and
confirmed that these meet its internal qualification
Last week, the
company also signed a product sales and marketing agreement
with Morgan AM&T Hairong Co. Ltd for the
sale and marketing of uncoated and coated spherical graphite
is the second largest coated spherical graphite producer in
China according to Syrah, which added that the company is
looking to expand its production capacity in anticipation of
future spherical graphite demand.
"Syrah is also
in discussions with other parties around the world in relation
to further spherical graphite offtake agreements, and we look
forward to finalising these in the future," said Tolga Kumova,
Syrah’s managing director, said.
AIM-listed StratMin Global Resources Plc has
issued an update on its transaction with Australia-based
Bass Metals Ltd
, which is the process of acquiring a 25% stake in
StratMin’s subsidiary, Graphmada
Bass has informed Stratmin that they will complete the
remaining payments for the first tranche of the deal announced
on 2 September 2015 as soon as possible and no later than 31
December 2015. Following negotiation, the second tranche,
totalling £1.5m ($2.3m) will be deferred until Q1
2016 to allow for funding from the announced settlement to be
maximised, StratMin said.
StratMin is currently producing graphite from the Loharano
graphite mine in Madagascar and moved to 24-hour production at
the facility in September.
In Tanzania, ASX-listed Black Rock Mining
Ltd has discovered
graphite mineralisation at its Bagamoyo project that could
extend for a strike length of 40-55km.
Fieldwork at the site mapped an area of graphite 3.5km by 700
metres in the project’s entral lode as well as
additional graphite mineralisation identified over 7km of
strike at the Wami lode. Tests on rock chip samples from the
property have yielded an average grade of 7.1% total graphitic
carbon (TGC), with purities up to 9.9% TGC assayed.
First pass drilling in this the central lode, where Black Rock
says the mineralisation is particularly coarse grained, is
planned to begin next month and will include eight to 12
reconnaissance holes to test depth continuity while regional
exploration takes place.
Ontario-based Zenyatta Ventures
Ltd has received a fresh delivery of purified
graphite material from SGS Canada Inc.'s
Lakefield site on its Albany graphite project, graded at 99.9%
was delivered to be passed on to interested parties for testing
and to enable the continuation of discussions and due diligence
"The company expects to
continue to produce a graphite product on a test basis with
strict specifications based on feedback from
interested end users under signed confidentiality agreement,"
Bharat Chahar, Zenyatta's vice president for market
Strategic Metals Inc. and
Lomiko Metals Inc. have intersected further
near surface graphite at the La Loutre project in Quebec, which
the two TSX-listed explorers are developing as part of a joint
from the latest set of drilling results include one
intersection of 112 metres of flake graphite grading at 2.73% C
and one of 103 metres grading at 2.83% C.
The La Loutre
property consists of contiguous claim blocks totalling
approximately 2.9 ha (28.7km2) situated
approximately 53km east of Imerys Graphite and
Carbon’s operational Lac des Iles mine and 117km
northwest of Montreal.
OTC-traded American Graphite Technologies Inc.
has started phase one exploration at its Lac Rouge graphite
project in Quebec. The exploration work will include ground
prospecting, limited geological mapping of outcrops and surface
said that the results of the initial programme will help it to
develop a detailed graphite exploration plan which it intends
to execute in spring 2016.
Metallica Minerals Ltd has recorded
intersections measuring 49 metres and 120 metres of visible
graphite mineralisation at depths of 72 metres and 68 metres,
respectively, at its Esmerelda project in
The two drill
holes are believed to indicate potential lateral continuity of
graphite mineralisation for more than 1.2km over the
750km2 project. Preliminary assay results from the
drill cored are expected to be received towards the end of
Ltd has advanced
the planning of the first-phase drill programme at its Corkwood
project in East Kimberly, Western Australia.
heritage survey will begin this week with the drill programme
commencing shortly afterwards. A total combined length of
2,000-3,000 metres will be drilled, comprised of both reverse
circulation and diamond drilling methods.
that in Brazil, the due diligence programme at its Itabela site
is at an "advanced stage". It added that it has been subjected
to delays in receiving information and data relating to the
assessment of the project’s resource
Graphite Corp. has said that third party
independent tests on graphite anode technology developed by one
of its portfolio businesses, Tubz LLC, have
confirmed that anodes have charging rates 10 times faster and a
battery capacity three times greater than current commercially
Graphite Corp., its anodes will allow smart phones to be
charged in six minutes and extend their use time from six hours
to 18-21 hours, while laptop battery life can be extended from
two-to-four hours to between six and 12 hours.
Inc. has signed an
agreement to sell 75,000 tonnes marble from its Miller graphite
project site. The architectural-quality marble makes up the
host rock of the deposit.
said that the marble will be sold for around Canadian dollar
(C$) 184/tonne ($139/tonne), subject to provisions and
royalties on value added blocks of the material.
contract will begin once a quarry permit is granted, Canada
news, ASX-listed Mustang Resources Ltd has
been granted a trading halt as it prepares to raise funds for a
3,000 metre drilling programme at its portion of the Balama
graphite project in Mozambique.
The halt will
remain in place until 23 November or until an announcement is
news, Applied Graphene Materials Plc reported
a widened loss for the year ended July 2015 as it increased its
investments in operations.
company booked a pre-tax loss of £4m, larger than the
£2.7m loss reported a year previous.
progress has been made during the period. We increased and
strengthened partnerships with customers, including global
brand names in each of our three core market segments," Applied
Graphene’s CEO, Jon Mabbitt, said.
said that its larger losses stemmed from investments in
production and overheads, covering an expanding number of
employees and more substantial business infrastructure, in
addition to costs planned for future years being brought
researchers from Glasgow University in
Scotland claim to have developed a method for producing a high
grade form of the nanocarbon using commercially available
copper, rather than the expensive, pre-treated material usually
used as a substrate for making graphene via the chemical vapour
deposition (CVD) method.
the Glasgow scientists, this breakthrough could make producing
graphene around 100 times cheaper than current
"Our process produces high-quality graphene at low cost, taking
us one step closer to creating affordable new electronic
devices with a wide range of applications, from the smart
cities of the future to mobile healthcare," said Dr Ravinder
Dahiya from Glasgow University’s School of
Engineering, quoted in The Engineer.
"The commercially-available copper we used in our process
retails for around $1/square metre, compared to around $115 for
a similar amount of the copper currently used in graphene
production," he added.
*Conversions made November 2015