ThyssenKrupp to Buy Graphite from Kibaran’s Epanko Project in Tanzania
Under the deal, Kibaran will sell about 20 000 t/a of graphite with a five-year extension option. Kibaran has already secured a mining license from the government of Tanzania. The Epanko project is expected to start operations in early 2017. Kai-Norman Knötsch, Chairman of the Management Board of ThyssenKrupp Metallurgical Products said: “Graphite is an extremely good fit with our mineral unit’s portfolio. The collaboration with Kibaran Resources Limited will enable us to further expand our activities in the refractory industry in Europe, Russia and Korea.” Kibaran has now secured binding offtake and sales agreements for 75 % of the planned graphite production at Epanko.