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Volt Resources granted mining licences for Bunyu Graphite Project in Tanzania

Mining News - Published on Mon, 22 Oct 2018

Image Source: Proactive Investors
Proactive Investors reported that Volt Resources Ltd granted mining licences covering the stage I and II developments of the Bunyu Graphite Project in Tanzania. The company has been advised of the grant of the two licences by the Mining Commission of the Ministry of Minerals of Tanzania. Granting of the licences is a major step forward, as Volt focuses on advancing the project towards stage I production. This follows the completion of the stage I feasibility study and the finalisation of all required environmental approvals. Volt’s chairman Mr Asimwe Kabunga said, “This is a key milestone for Volt and our shareholders, as we have now effectively received all required primary development approvals. Volt has maintained a very transparent and positive dialogue with the Tanzanian authorities throughout the entire approvals process, and I would like to thank the relevant authorities for their support and input towards achieving these key approvals.”

Stage I is based on a mining and processing plant annual throughput rate of 400,000 tonnes to produce on average 23,700 tonnes of graphite products.

The mining licences have been granted subject to three conditions:
- An acceptance of the boundaries and co-ordinates as per the application as amended;
- Notice by the company to accept the proposed licence; and
- Payment of USD 1,000 in preparation fees for each licence.
Volt has advised that it plans to accept or meet these conditions.

Mr Kabunga said that “The company looks forward to continuing to work with the Tanzanian authorities over the coming months as we near the start-up of operations from our stage I development.”

Source :

Posted By : Rabi Wangkhem on Mon, 22 Oct 2018
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