Wednesday
September 25
2024

Tanzania Mahenge Graphite Project Secures $219 Million Financing for Mine Development

ASX-listed Black Rock Mining has secured a substantial financing boost for its Mahenge Graphite Project in Tanzania, totaling US$ 219 million. The financing comes from two agreements: one with POSCO International Corporation (POSCO), Koea’s largest trading company, and one with the Development Bank of Southern Africa (DBSA), the Industrial Development Corporation (IDC), and CRDB Bank of Tanzania.

Source: https://www.tanzaniainvest.com/mining/tanzania-mahenge-graphite-project-secures-219m-financing-for-mine-development (link opens in a new window)

Categories
Investing
Tags
energy access, mining, supply chains