Molo mine

Last updated
Molo mine
Location
Madagascar location map.svg
Schlaegel und Eisen nach DIN 21800.svg
Molo mine
Location Fotadrevo
Region Atsimo-Andrefana
Country Madagascar
Coordinates 24°00′07″S45°07′49″E / 24.0019°S 45.1304°E / -24.0019; 45.1304
Production
Products Graphite
History
Opened2021
Owner
CompanyNextSource Materials Inc.
Website www.nextsourcematerials.com/graphite/molo-graphite-project/

The Molo mine is one of the largest graphite mines in Madagascar. [1] The mine is located in Atsimo-Andrefana, near the town of Fotadrevo. [1] The deposit was discovered in 2011, following explorations of the nearby Green Giant mine. [2] The mine has reserves amounting to 120 million tonnes of ore grading 8% graphite metal. [1] The mine is owned by NextSource Materials Inc, which obtained a 40-year mining license from the Madagascar government in 2019. [3] The mine is being financed by Vision Blue Resources Limited, a battery materials investment company founded by Mick Davis. [4] The mine has agreements to supply graphite to ThyssenKrupp, and intends to build a graphite battery anodes to sell to Tesla. [5] As of 2021, the necessary equipment for the mine is in the process of being assembled and delivered. [6]

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References

  1. 1 2 3 "The Molo Graphite Deposit". energizerresources.com. 2012. Archived from the original on 2012-11-04. Retrieved 2013-06-30.
  2. Scherba, Craig; Montreuil, Jean-Francois; Barrie, C. Tucker (2018). "Geology and Economics of the Giant Molo Graphite Deposit, Southern Madagascar". Metals, Minerals, and Society. Society of Economic Geologists (SEG). doi:10.5382/sp.21.15. ISBN   9781629493084.
  3. Inc, NextSource Materials (2019-02-15). "NextSource Materials Inc. Granted Mining Permit for Molo Graphite Project in Madagascar". GlobeNewswire News Room. Retrieved 2021-09-07.{{cite web}}: |last= has generic name (help)
  4. "NextSource Materials Announces Special Shareholder Meeting and Outlines Strategic Rationale for Supporting Completion of Vision Blue Resources' Investment". Junior Mining Network. 2021-04-22. Retrieved 2021-09-07.
  5. "NextSource Materials Inc. Discusses the Expansion ..." Investing News Network. 2021-07-08. Retrieved 2021-09-07.
  6. "NextSource Materials: Molo on track despite COVID". Mining Magazine. 2021-08-18. Retrieved 2021-09-07.