africa commodities Graphite Mining Natural Resources Tanzania

Australian firm expects to earn $126m from Tanzanian graphite project

The list of uses for graphite is extensive. For centuries it has been indispensable for teaching children how to write with pencils.

Later it found a multitude of industrial uses, most notably as a lubricant. Over recent years the growing market in electric vehicles (EV), mobile phones, smartphones and tablets, has led to staggering growth in the use of graphite in batteries.

Analysts predict that global demand for graphite to power lithium-ion batteries will explode by over 200 per cent in the next four years driven by the EV surge and energy storage alone.

Flake graphite company Volt Resources said it will churn out an EBITDA of just over $17.5 million per annum from the small-scale, Stage 1 development of its Bunyu graphite project in Tanzania.

EBITDA or Earnings Before Interest, Tax, Depreciation, Amortization is a company’s profits before any of these net deductions are made.

Source: IPP Media

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