Chinese companies have signed long-term purchase contracts for graphite mining operations in Mozambique worth US$3.5 billion, according to the Economist Intelligence Unit (EIU).
Macauhub.com reported that the most advanced of the projects under way was run by Australia’s Triton Minerals in Nicanda, which recently signed a contract with Chinese raw materials trading company Shenzhen Qianhai Zhongjin for financing of US$200 million.
In addition to this financing, the Chinese partner has committed to buying 200 000 tonnes of graphite in the long term.
Chinese companies invest billions into graphite mines
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