Black Rock Mining Limited (AU:BKT) has released an update.
Black Rock Mining Ltd has announced a key partnership with Tanzanian contractor Taifa Mining and Civils Limited for its Mahenge Graphite Project, signing a 3-year mining services contract worth US$37.9m that could extend for two additional years. This strategic move, which aligns with local content requirements, marks a significant de-risking step for Black Rock, meeting one of the prerequisites for project financing. The deal with Taifa also underscores the company’s commitment to advancing the project towards the Final Investment Decision.
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