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Black Rock Mining's subsidiary Faru Graphite Corporation signed a mining services contract with Taifa Mining and Civils for the Mahenge Graphite Project in Tanzania. The initial 3-year contract is valued at US$37.9 million and is subject to a final investment decision.
Black Rock Mining signed a strategic cooperation agreement with Yantai Jinyuan Mining Machinery for BOT services to build a graphite processing plant. The mine planned production rate is 3,000 tpd.
Black Rock Mining has signed a strategic cooperation agreement with Yantai Jinyuan Mining Machinery to supply process plant machinery and related infrastructure for the Mahenge Graphite Mine in Tanzania, with Yantai committing to source up to US$40 million in project finance.