Globes Metals and Mining, an Australian Company that is set to mine Niobium at Kanyika in Mzimba district has discovered Graphite in Lilongwe district and says the discovery consolidates its presence in Malawi.
“I am delighted to let you know that today the Company has announced the acquisition of an advanced graphite project in Malawi. I think this will be an excellent acquisition for Globe,” the company’s Managing director Mark Sumich told Nyasa Times in an email on Wednesday.
The Graphite has been discovered North East of Lilongwe and the company has already acquired 2,020sqkm licence for two projects and 12 individual graphite deposits (all at surface).
Graphite a strategic mineral in high demand, with advanced technology applications such as lithium-ion batteries
The continuous discovery of various minerals or rare earth in Malawi is a positive development for the country’s nascent Mining industry which is poised to contribute significantly to the country’s economic growth which currently anchored by agriculture.
According to Sumich Graphite is not only a highly sought after commodity at present, but it was a natural acquisition for the Company, both in terms of its location in Malawi and the crossover…
to more advanced technological applications.
“Previously reported resource estimates at Chiziro (1995) not considered sufficiently reliable,” he said.
China currently dominates graphite production and consumption but Globe says its partnership with a Chinese Company (ECE) positions it to leverage Chinese finance, partners and technology.Follow and Subscribe Nyasa TV :