Posco buys 15% of emerging graphite miner Black Rock
Published: Wednesday, 02 June 2021
South Korean industrial conglomerate Posco has completed a 15% equity investment in emerging graphite miner Black Rock Mining in exchange for $7.5 million, Black Rock said on Tuesday June 1.
The management of Black Rock won shareholder approval to
place 126.02 million shares to Posco on April 15 as part of the
Black Rock has a 100% interest in the Mahenge graphite
project in Tanzania.
Black Rock is listed on the Australian Stock Exchange, like