Triton Minerals and Yichang Xincheng Graphite set up graphite partnerships in Mozambique

15 May 2015

Australia’s Triton Minerals has set up two partnerships with the Chinese group Yichang Xincheng Graphite Co., Ltd., (YXGC) to develop high value graphite-based products, the company announced in a statement released on Thursday.

The announcement expands the association between the two companies, which last April signed a 20-year contract, with a minimum value of US$2 billion, for the supply of graphite mined in Mozambique.

Under that contract the Australian mining concern will also hold exclusive rights to supply YXGC with graphite in Malawi, Madagascar and Tanzania, besides Mozambique.

The two partnerships now formed will buy graphite exclusively from Triton Mozambique Graphite (TMG), the Australian company’s subsidiary, in order to “develop high value graphite-based products.”

Mozambique JV (in which Triton controls 70 percent of the capital) will produce expandable graphite, flexible graphite sheets, refined battery-grade graphite and other products, while China JV (Triton with a 49 percent stake) will focus on producing high strength graphite composite sheets.

China’s YXGC group is a major global producer of graphite-based products and possesses some of the most modern equipment for processing that mineral. (Macauhub/CN/MZ)