A study by Triton Minerals highlights the advantage of pursuing a value added strategy in Mozambique for graphite extracted from deposits in Cabo Delgado province, the Australian company said in a statement.
The Monte Nicanda concession contains the largest known deposit of graphite in the world but before the company can start exploration it has to complete a definitive study of the economic viability of the project.
Additional studies demonstrated the many advantages that the company can gain from local transformation of graphite into various products, including some of great added value such as composite materials, graphite sheets, graphite spheres and even graphene.
Triton Minerals would also be entitled to tax advantages and significant customs duties that are not available for companies who merely extract raw materials and export them prior to processing.
The managing director of the company, Brad Boyle, was quoted in the statement as saying that “the recent confirmation that Triton can produce a wide range of high quality graphite products means the company may supply a broad range of customers.”
Last week Triton announced a test for commercial production of graphene oxide from its Mozambican graphite at a laboratory in Singapore had been successful. (macauhub/MZ)