Aim-listed Africa-focused mining investment company Armadale Capital has signed a memorandum of understanding (MoU) for a proposed offtake agreement with Chinese graphite mining and processing company Matrass Group, for graphite products produced at Armadale’s Mahenge Liandu project, in Tanzania. The MoU relates to the proposed offtake of 30 000 t/y of graphite concentrate for an initial five-year term at a price to be agreed based on the Chinese benchmark for the quality of the graphite produced, and representing over 60% of Mahenge Liandu’s average targeted yearly production.
