The share price of graphite hopeful EcoGraf soared by nearly 17% on Tuesday, as the company expressed hope that gold miner Barrick Gold’s resolution of a dispute with the Tanzanian government would pave the way for the financing and development of the Epanko graphite project.
Barrick recently signed a landmark settlement agreement with the Tanzanian government guaranteeing the gold miner full government support, and ordered the release of Barrick’s concentrate containers, which have been held at the port of Dar es Salaam since March 2017.