Northern Graphite to acquire two graphite mines from Imerys Group
2022-01-19 13:33:39 [Print]
Canada's Northern Graphite recently said it is spending $55 million to acquire two graphite producers and help fund development of its Bissett Creek graphite project. The company is purchasing the Lac des Iles mine and mill in Quebec and all the outstanding shares of Imerys Group, which owns the idled Okanjande project in Namibia.
By purchasing 40,000 to 50,000 tonnes of graphite concentrate production capacity, the company will be the third largest natural graphite producer outside China and the only significant North American graphite producer.
By purchasing 40,000 to 50,000 tonnes of graphite concentrate production capacity, the company will be the third largest natural graphite producer outside China and the only significant North American graphite producer.
