05
Sep
12:43
Black Rock, POSCO ink offtake deal from Mahenge graphite project
Australia’s Black Rock Mining has signed a non-binding MOU with POSCO International Corporation for long-term graphite fines offtake from Module 2 of the Mahenge project in Tanzania.
Under the agreement, the South Korean steelmaker will secure a long-term offtake of fines graphite from the planned production of Mahenge Module 2. In exchange, POSCO will make an additional $40 million investment or acquire a stake of up to 19.99% in Black Rock, whichever is lo…
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Anonymous
Very good overview of the weekly steel market.
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