Aspiring junior Black Rock Mining has announced it will raise $10 million in order to finalise preparations at its Mahenge graphite project in Tanzania, prior to its final investment decision release.
Black Rock Mining has entered into a strategic alliance agreement with South Korean industrial company Posco to develop its flagship graphite project in Tanzania.
Panoramic Resources has announced its intention to raise $22.4 million via two share placements and an entitlement offer, while juniors Black Rock Mining and Kibaran Resources are also involved in capital raisings.
Black Rock Mining has detailed a capital expenditure of $US115 million ($162 million) for the first phase of its Mahenge graphite project in Tanzania, with plans to begin construction next year.
Black Rock Mining has signed a strategic agreement with a Chinese machinery company to supply plant equipment and source up to $US40 million ($55 million) for the graphite explorer's Mahenge project in Tanzania.
