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Molo mine

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Molo mine
Location
Molo mine is located in Madagascar
Molo mine
Molo mine
LocationFotadrevo
RegionAtsimo-Andrefana
CountryMadagascar
Coordinates24°00′07″S 45°07′49″E / 24.0019°S 45.1304°E / -24.0019; 45.1304
Production
ProductsGraphite
History
Opened2021
Owner
CompanyNextSource Materials Inc.
Websitewww.nextsourcematerials.com/graphite/molo-graphite-project/

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]

In 2023 the mine opened its own energy production with a solar park of 2.6 MW capacity and a thermal generator of 3.1 Mw.[7]

References

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  1. ^ a b c "The Molo Graphite Deposit". energizerresources.com. 2012. Archived from the original on 2012-11-04. Retrieved 2013-06-30.
  2. ^ 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.
  3. ^ 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. {{cite web}}: |last= has generic name (help)
  4. ^ "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.
  5. ^ "NextSource Materials Inc. Discusses the Expansion ..." Investing News Network. 2021-07-08. Retrieved 2021-09-07.
  6. ^ "NextSource Materials: Molo on track despite COVID". Mining Magazine. 2021-08-18. Retrieved 2021-09-07.
  7. ^ Energy at Molo mine