https://newsletter-mw.creamermedia.com
Africa|Industrial|PROJECT|Projects
Africa|Industrial|PROJECT|Projects
africa|industrial|project|projects

MRC plans to sell SA mineral sands mine as focus shifts to graphite

10th May 2024

By: Mariaan Webb

Creamer Media Contract Publishing Editor

     

Font size: - +

ASX-listed Mineral Commodities (MRC) has announced a decision to divest its interest in the Tormin mineral sands mine in South Africa to allow the company to focus its efforts on graphite assets and downstream active anode material projects.

The company entered into a proceed deed with industrial garnet company GMA Group that provides for negotiation of a potential sale and purchase agreement.

“MRC has had a long-standing and very positive partnership with GMA and looks forward to good faith negotiations in parallel with GMA due diligence,” said CEO Scott Lowe.

He said MRC’s priority going forward was its graphite assets, including the Munglinup development project in Australia, the Skaland operating graphite mine in Norway and its active anode project.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

WearCheck
WearCheck

Leading condition monitoring specialists, WearCheck, help boost machinery lifespan and reduce catastrophic component failure through the scientific...

VISIT SHOWROOM 
Lilak Aluminium
Lilak Aluminium

For over 15 years, Lilak Aluminium, a trusted leader in architectural extrusion supply, has delivered excellence to businesses like yours.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.308 0.98s - 140pq - 2rq
Subscribe Now