The Australian mining company Triton Minerals, which holds the rights to graphite deposits in the northern province of Cabo Delgado, announced on 27 April that it has secured up to US$200 million to develop its mine.
Triton has signed a letter of intent with Chinese company Shenzhen Qianhai Zhongjin (SQZG) for funding a graphite concentrate facility with the initial capacity to produce 200,000 tonnes of per year at its Nicanda Hill project.
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