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Armadale Capital is under NDA with two separate parties with respect to project finance initiatives for the Mahenge Liandu graphite project in Tanzania.
AIM-listed Armadale Capital’s could double graphite production from its Mahenge Liandu graphite project in south-east Tanzania via a staged four-year ramp-up process.
AIM-listed Armadale Capital has signed an MOU for a proposed offtake agreement with China-based Datong Resources for high quality graphite products produced at the company’s Mahenge Liandu graphite project in Tanzania.
Armadale Capital has announced a strategic financing raising of £500,000 for the company at 1.80 p per share for funding of projects in Africa.
AIM-listed Armadale Capital has appointed an experienced Beijing-based marketing consultant to pursue offtake agreements ahead of an anticipated decision to mine at the Mahenge Liandu graphite project in Tanzania in early 2019.
The government of Tanzania recently established a Mining Commission in accordance with its new Mining Act. This means that the government can reinstate the issuing of mining licences following the enforcing of a copper and gold concentrate ban and some draconian amendments to mining policy and legislation.
Democratic Republic of Congo – Aim-listed Armadale Capital, the investment company focused on natural resource projects in Africa, expects to begin construction at its Mpokoto gold project in south eastern Democratic Republic of Congo...
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