• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Australia Market
    Australia News
    Australia Stocks
    • Australia Market
    • Australia News
    • Australia Stocks
    1. Home>
    2. Australia Investing>
    Loading...
    0

    Triton Minerals Signs MOU with Suzhou for Ancuabe Services

    Olivia Da Silva
    Nov. 07, 2018 02:40PM PST

    Triton Minerals has signed a non-binding MOU for debt financing and consulting services related to its Ancuabe graphite project.

    Triton Minerals Signs MOU with Suzhou for Ancuabe Services

    Triton Minerals (ASX:TON) has signed a non-binding memorandum of understanding (MOU) with Suzhou Sinoma Design and Research Institute of Non-Metallic Minerals Industry, a subsidiary of China’s largest construction group.

    Suzhou, a Chinese graphite-testing laboratory and consulting service, has “expressed interest” through the MOU in helping with the debt financing component of developing Triton’s Ancuabe graphite project.


    Additionally, the company would provide technical consulting services for graphite-processing technology, production line equipment, construction, commissioning and graphite product control.

    The two companies have also agreed to work alongside MCC International, which Triton signed an engineering, procurement and construction contract with in late September.

    The collaboration will consist of finalizing project financing, leveraging Suzhou’s experience to optimize the project flowsheet and providing technical input during the project’s construction.

    “Suzhou have shown strong interest in Ancuabe, and have requested involvement in many aspects of the project. The agreement of the MoU provides further validation of its status as a world class graphite project,” Triton Managing Director Peter Canterbury said in a statement.

    He continued, “Suzhou has over 60 years’ experience in graphite processing and is one of the leading authorities on graphite globally. This partnership is expected to greatly benefit Triton in the construction and commissioning Ancuabe. Triton looks forward to finalising terms of debt with Suzhou, MCC and its banking group in the near term.”

    Located 60 kilometers west of Pemba in Northern Mozambique, the Ancuabe project just received the development green light from Triton’s board in early June. The mine is estimated to see a production rate of 60,000 tonnes of graphite concentrate annually over a 27-year mine life.

    As of the June release, construction of the project was docketed for sometime in the second half of 2018, with first production targeted for 2019’s second half.

    Triton’s share price went up almost 7 percent to AU$0.046 on the ASX at the end of trading on Wednesday (November 7).

    Don’t forget to follow us @INN_Resource for real-time news updates!

    Securities Disclosure: I, Olivia Da Silva, hold no direct investment interest in any company mentioned in this article.

    The Conversation (0)

    Go Deeper

    AI Powered
    Trigg Minerals

    Trigg Minerals

    Purepoint Uranium (TSXV:PTU, OTCQB:PTUUF)

    Purepoint Uranium

    Olivia Da Silva

    Olivia Da Silva

    A graduate of Durham College's broadcast journalism program, Olivia has a passion for all things newsworthy. She got her start writing about esports (competitive video games), where she specialized in professional Call of Duty coverage. Since then, Olivia has transitioned into business writing for INN where her beats have included Australian mining and base metals.

    Latest News

    ALTECH - CERENERGY Battery Prototype Reaches Key Milestones

    Altech Batteries Ltd CERENERGY Battery Prototype Reaches Key Milestones

    Locksley Resources Adds 249 Additional Claims to Landholding of More than 40 sq km of Highly Prospective Critical Minerals Ground in California's Mojave Region

    LKY Doubles Landholding Abutting MP Materials in Mojave Hub

    CG1O: Security Class Suspension from Quotation

    More News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Australia Investing Stocks

    NextSource Materials

    NEXT:CA

    Metals Australia

    MLS:AU

    Altech Batteries

    ATC:AU

    E-Power Resources

    EPR:CC

    International Graphite

    IG6:AU

    South Star Battery Metals

    STS:CA
    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×
    Olivia Da Silva
    Olivia Da Silva

    A graduate of Durham College's broadcast journalism program, Olivia has a passion for all things newsworthy. She got her start writing about esports (competitive video games), where she specialized in professional Call of Duty coverage. Since then, Olivia has transitioned into business writing for INN where her beats have included Australian mining and base metals.

    Full Bio

    Learn about our editorial policies.