The Mozambican Government has granted Battery Minerals the Mining Licence for Phase 1 and Phase 2 of the Montepuez graphite project, the company said on Monday.
Battery Minerals, Managing Director, David Flanagan, said: “This is a significant milestone for the Company as it means we have approvals for stages 1 and 2 of our Montepuez graphite project and for production of at least 100,000 tonnes per annum of graphite concentrate.”
Flanagan added, “I would like to thank Minister Ernesto Max Tonela, his staff and the Mozambican Government for granting our Mining Licence and their efficient processing of our Mining Licence application.”
According to Flanagan, Montepuez will create more than 170 jobs once operational.”
Mozambique’s Mines Minister, Ernesto Max Tonelahe, signed the Mining Licence on behalf of the Government.
Battery Minerals Limited is an Australia Securities Exchange (ASX) listed company with two world-class graphite deposits in Mozambique, Montepuez and Balama Central.
Construction at the Montepuez is expected to be commissioned on November 2018, while production to commence by December 2018. The first shipment of graphite concentrate is anticipated in the March 2019 quarter.