Molo mine
| Location | |
|---|---|
  Molo mine | |
| Location | Fotadrevo |
| Region | Atsimo-Andrefana |
| Country | Madagascar |
| Coordinates | 24°00′07″S 45°07′49″E / 24.0019°S 45.1304°E |
| Production | |
| Products | Graphite |
| History | |
| Opened | 2021 |
| Owner | |
| Company | NextSource Materials Inc. |
| Website | www |
The Molo mine is one of the largest graphite mines in Madagascar.[1] The mine is located in Atsimo-Andrefana, near the town of Fotadrevo.[1] The deposit was discovered in 2011, following explorations of the nearby Green Giant mine.[2] The mine has reserves amounting to 120 million tonnes of ore grading 8% graphite metal.[1] The mine is owned by NextSource Materials Inc, which obtained a 40 year mining license from the Madagascar government in 2019.[3] The mine is being financed by Vision Blue Resources Limited, a battery materials investment company founded by Mick Davis.[4] The mine has agreements to supply graphite to ThyssenKrupp, and intends to build a graphite battery anodes to sell to Tesla.[5] As of 2021, the necessary equipment for the mine is in the process of being assembled and delivered.[6]
References
- ^ a b c "The Molo Graphite Deposit". energizerresources.com. 2012. Archived from the original on 2012-11-04. Retrieved 2013-06-30.
- ^ Scherba, Craig; Montreuil, Jean-Francois; Barrie, C. Tucker (2018). "Geology and Economics of the Giant Molo Graphite Deposit, Southern Madagascar". Metals, Minerals, and Society. Society of Economic Geologists (SEG). doi:10.5382/sp.21.15. ISBN 9781629493084.
- ^ Inc, NextSource Materials (2019-02-15). "NextSource Materials Inc. Granted Mining Permit for Molo Graphite Project in Madagascar". GlobeNewswire News Room. Retrieved 2021-09-07.
- ^ "NextSource Materials Announces Special Shareholder Meeting and Outlines Strategic Rationale for Supporting Completion of Vision Blue Resources' Investment". Junior Mining Network. 2021-04-22. Retrieved 2021-09-07.
- ^ "NextSource Materials Inc. Discusses the Expansion ..." Investing News Network. 2021-07-08. Retrieved 2021-09-07.
- ^ "NextSource Materials: Molo on track despite COVID". Mining Magazine. 2021-08-18. Retrieved 2021-09-07.