There is a posted price for graphite which provides a guideline with respect to longer term trends but transactions are largely based on direct negotiations between the buyer and seller. Graphite prices are also a function of flake size and purity with large flake (+80 mesh), 94% carbon varieties commanding premium pricing. Prices exceeded US$1,300/t in the late 80s but crashed to US$600-750t in the 90s as Chinese producers dumped product on the market.
|Rank||Country||World Production, By Country (Metric tons) in 2009|
|4||Korea, Democratic People's Republic Of||30,000|
|14||Korea, Republic Of||70|
Chinese flake graphite consolidation could alter global supply structure - 17 April 2014
Advanced Graphite Exploration Projects (Source: Technical Metals Research)
- Bissett Creek in Ontario, Canada is being developed by Northern Graphite Corporation (TSX.V:NGC, OTCBB:NGPHF). The company recently completed a Preliminary Economic Assessment (PEA) of the project. It has a NI 43-101-compliant mineral-resource estimate, with 26.0 Mt of the resource at the Indicated level @ 1.81 wt% CG and 55.0 Mt at the Inferred level @ 1.57 wt% CG (both at a cut-off grade of 0.99 wt%);
- Kearney in Ontario, Canada is being developed by Ontario Graphite Co. The Kearney mine previously produced graphite until 1994. The project has a NI 43-101-compliant mineral-resource estimate, with 18.3 Mt of the resource at the Measured level @ 2.35 wt% CG, 25.7 Mt of the resource at the Indicated level @ 2.33 wt% CG and 12.3 Mt at the Inferred level @ 2.42 wt% CG (each at a cut-off grade of 1.5 wt%);
- Kringel in Gävleborg, Sweden is being developed by Flinders Resources Ltd. (TSX.V:SGH). The Kringel mine previously operated between 1996 and 2001. The project has a historical mineral-resource estimate of 6.9 Mt @ 8.8 wt% CG, at an undisclosed cut-off grade and its present owners are in the process of upgrading those resources to be compliant with NI 43-101;
- Lac Knife in Quebec, Canada is being developed by Focus Metals Inc.(TSX.V:FMS, OTXQX:FCSMF, F:FKC), which will soon change its name toFocus Graphite Inc. It has a NI 43-101-compliant mineral-resource estimate, with 0.64 Mt of the resource at the Measured level @ 15.6 wt% CG, 4.3 Mt of the resource at the Indicated level @ 15.7% CG and 3.0 Mt at the Inferred level @ 15.6 wt% CG (each at a cut-off grade of 5.0 wt%);
- Nunasvaara in Norbotten, Sweden is being developed by Talga Gold Limited(ASX:TLG) and a subsidiary of Teck Resources Limited (NYSE:TCK), on which Talga has an 100% purchase option. The project has a JORC-compliant mineral-resource estimate of 3.6 Mt at the Inferred level @ 23.0 wt% CG, at a cut-off grade of 5 wt%;
- Raitajärvi in Norbotten, Sweden is being developed by Talga Gold Limited(ASX:TLG). It has a JORC-compliant mineral-resource estimate of 0.5 Mt at the Inferred level @ 10.8 wt% CG, at a cut-off grade of 5 wt%;
- Uley Main Road in South Australia, Australia is being developed by Strategic Energy Resources Ltd. (ASX:SER), which has signed an Implementation Deed with Mega Graphite Inc. for the acquisition by Mega Graphite of the project. The Uley mine previously operated until 1993. The project has a JORC-compliant mineral-resource estimate, with 4.3 Mt of the resource at the Indicated level @ 9.4 wt% CG and 2.3 Mt at the Inferred level @ 7.5 wt% CG (both at a cut-off grade of 3.8 wt%).
Saturday, July 28, 2012
It seems there’s no holding back Australian companies in their headlong rush into graphite.
Castle Minerals Ltd is exploring the Kambale graphite occurrence is located 5-8km west of Wa, in the Wa-Lawra greenstone belt, northwestern Ghana The graphite occurrence was first noted by Russian geologists whilst prospecting for manganese in the 1960s. RAB drilling and resultant carbon analysis was conducted in early 2012, confirmed extensive zones of high grade graphite in the region. Zones up to 50m true width have been reported and the zones are interpreted to have at least 1km strike extents. Significant results from 1m RAB hole samples includes: KBRB 03 28m @ 10.4%C from 9m KBRB 05 24m @ 11.5%C from surface inc 14m @ 16.5%C from 9m KBRB 06 21m @ 7.7%C from 12m KBRB 10 38m @ 9.8%C from surface inc 18m @ 14.7%C from 3m KBRB 12 48m @ 9.8%C from surface inc 24m @ 12.9%C from 13m KBRB 16 31m @ 9.3%C from 5m inc 27m @ 10.1%C from 9m KBRB 57 34m @ 11.3%C from 12m inc 11m @ 15.7%C from 7m A phase of RC drilling has recently been completed (June 2012) and assays are awaited. This work will also include sample collection for metallurgical testing and flake sizing..An initial rephite. Metallurgical test work returned results with coarse flake sizings. The graphite outcrops at the ground surface and 90% of the deposit lies at depths of less than 100 metres. source for this graphite occurrence is proposed to be completed by August 2012. The company subsequently reported a maiden resource of 14.4 million tonnes at 7.2% graphitic carbon - or 1.03 million tonnes of contained graphite. Drilling tested only the first 1km of strike with extensions and the eastern zone at Kambale still be to drilled. Managing director Mike Ivey said the company drilled its first hole in March and regarded as an achievement bringing in a resource just four months later. Only 20 per cent of the graphic schist horizon had been tested, he said.
|Year||Production||Unit of Measure||% Change|
|2004||15000||Metric tons||0.00 %|
|2005||6400||Metric tons||-57.33 %|
|2006||4857||Metric tons||-24.11 %|
|2007||5000||Metric tons||2.94 %|
|2008||5000||Metric tons||0.00 %|
|2009||5000||Metric tons||0.00 %|
- The main producers are Societe Miniere de la Grande Ile and Establissments Gallois from widespread occuurences along the eatern coast near Tamatave. ( Graphite Technology was incorporated in Pennsylvania on April 27, 2004, following which time Graphite Technology acquired the graphite processing equipment of Applied Carbon Technology (America), a corporation involved in certain processing and sales of graphite. On January 31, 2005, Graphite Technology reincorporated in the State of Delaware. On July 27, 2005, Graphite Technology entered into a purchase and sale agreement with Societe Miniere de la Grande Ile, ("SMGI"), M. Bertil Akesson, owner/operator of the Ambatomitamba Graphite Mine and four contiguous graphite mines located in Madagascar by which Graphite agreed to purchase a 50% common equity interest in Societe Malagasy du Grafit s.a.r.l., a Madagascar limited liability company ("SOMAGRA"), as and at the time that SOMAGRA owns and has rights to operate and develop the Ambatomitamba Graphite Mine and Sahanovo Mine and contiguous surface mines at Ambodihasina, Sandraka, Ambiani and Sahamaloto. On March 26, 2006, Graphite Technology acquired that 50% common equity interest in SOMAGRA. The purchase and sale agreement also provides Graphite Technology the option to purchase the remaining 50% of SOMAGRA less one share at any time within three years of the closing. Prior to closing, all graphite mine claims and mine leases controlled by SMGI, affiliate companies of SMGI, or by Akesson,) The deposits are in a region where lateritic deposits of iron and bauxite also are found. The graphite occurs in highly metamorphosed schists and gneisses that have been weathered deeply to soft, ferruginous clays. The graphitic content of the original rock has been raised through the natural leaching process. The graphite, being resistant to weathering, is found among the weathered residue. The crude ore contains 3%-10% graphite, of which about two-thirds is large flake and one third is fine flake. The nongraphitic portion of the flake product is uniform and consists (after oxidizing) chiefly of a clayey residue with some quartz and a sprinkle of accessory minerals such as mica, zircon, rutile, and epidote. Sulphur compounds are absent and iron is low.
- Energizer Resources Inc. is a mineral exploration and development company based in Toronto, Canada, which is developing its Green Giant Project located in Madagascar. The Green Giant hosts one of the largest known vanadium deposits and potentially one of the largest known graphite deposits. During September 2012 Energizer received additional assays from its National Instrument (NI) 43-101 graphite resource drill program on the Molo deposit. The results continued to outline the targeted deposit size and boundaries, as well as the grade of the Molo deposit. The Molo deposit is located in the Green Giant Graphite project, and is part of the joint venture (JV) property with Malagasy Minerals Limited in Madagascar. Energizer has a 75% ownership interest and is the operator of the project. Energizer has now received a combined total of 24 (of 47) drill holes, and 10 (of 19) trenches completed over the Molo deposit. This dataset continues to confirm that the Molo deposit has a very large footprint.The company has focused its resource delineation program on the Molo deposit. The deposit’s description and shape consists of a 2 km strike length with a south plunging antiformal fold. In the north, the graphite mineralization is between 50-100 metres in width. The deposit then flares to over 500 metres in width as you move south, after which the graphite deposit width tapers to approximately 250-350 metres before splitting into two ‘arms’. The widths of these arms range in size between 50 and 100 metre widths respectively. The deposit is open at depth, and along strike. Drill and trench data received to date, as well as mapping, prospecting and geophysical surveying, confirms graphite mineralization at surface, and over an area of at least 250,000 m2. The depth of mineralization that has been confirmed by drilling is in excess of 300 metres. With these results, the Company continues to move forward outlining a potential deposit size of 80-120 million tonnes. As well, the assays have outlined a grade average of between 5 and 8% carbon. Immediately to the east, and attached to the Molo deposit is a graphite-bearing synformal fold of similar dimensions to the Molo deposit (which is an antiformal fold). This eastern synformal fold (“Molo East”) will not be part of the Company’s upcoming NI 43-101 resource statement as it was not drill tested. Through the use of both ground and airborne geophysics, geologic mapping and prospecting however, the Company believes that additional graphite mineralization would be easily obtainable at Molo East.
- It was reported in February 2012 that the German multinational Graphit Kropfmuhl AG has been selected by public tender to run the graphite mine at Ancuabe in the northern Mozambican province of Cabo Delgado. The company currently has operations in Zimbabwe, China, Sri Lanka and Germany. Graphite was mined in Ancuabe between 1992 and 1999, but operations were suspended due to the high cost of running electricity generators. However, the situation changed two years ago with the expansion of the national electricity grid. Graphit Kropfmuhl has decided to remove the old machinery from the mine and install its own equipment. The provincial director of Mineral Resources, Ramiro Nguiraze, told the daily newspaper "Diario de Mocambique" that the company has also found graphite deposits in the administrative post of Mazeze, in Chiure district. Samples from the discovery have been sent to China, South Africa and Japan for laboratory testing.
- Syrah Resources Ltd's Balama graphite deposit comprises a ridge and three small hills containing graphitic schists. Field reconnaissance has found extensive outcropping areas of high grade of graphite. The mapped strike distance of the graphitic schists is over 8km. Balama is a 106km2 granted prospecting licence located within the Cabo Delgado province in the district of Namuno in northern Mozambique. The project is approximately 265km by road west of the port town of Pemba. Pemba Port is a deep-water container port, and the third largest in Mozambique.
- The Australian mining company Triton Gold Ltd announced in July 2012 the conclusion of the first phase of due diligence of five graphite exploration licenses in the northern Mozambican province of Cabo Delgado. A company announcement said that this due diligence took the form of a four day site visit to the licence areas by the South African based company, Geo-Consult International. "An initial report from Geo-Consult supports the view that the licences are highly prospective for graphite and further stated that, 'the permit areas are well situated in relation to an existing graphite mine and exploration projects, and constitute high quality exploration targets hosting favourable lithologies and structures'", said the Triton Gold announcement. Triton acquired the rights to the graphite projects in June from the Mozambican company, Grafex. Under this deal, Triton is to spend 1.5 million Australian dollars on development and on cash payments to Grafex. In addition, Grafex will receive fifteen million Triton shares and the right to buy, over the next three years, a further ten million shares at a cost of five Australian cents each. Triton plans to sell five million shares at ten cents to raise funds for carrying out the prospecting. Three of the Grafex licences are in Ancuabe district, adjacent to the licences held by the German multinational Graphit Kropfmuhl. Graphite was mined in Ancuabe between 1992 and 1999, but operations were suspended due to the high cost of running diesel-powered electricity generators. However, the situation changed two years ago with the expansion of the national electricity grid to Ancuabe. The other two Grafex licences cover parts of Balama district, north of the licence held by another Australian company, Syrah Resources. This week's Triton statement says that the first due diligence payment has been made to Grafex. The second phase of due diligence is now under way, and the whole process should be completed within four months. All the areas covered by the Grafex licences are within easy reach of major roads, and of the port and airport in the provincial capital, Pemba. The Geoconsult review "has verified good access to all license areas via the bitumen and gravel roads and this sound infrastructure will be very important to assist the company should the Board of Directors agree to move to the next stage and execute a joint venture with Grafex to develop the project areas", Triton added.
- Graphitwerk Kropfmühl AG operates the Lynx Graphite Mine near Karoi in Zimbabwe. through a subsidiary, Zimbabwe German Graphite Mines (Pvt.) Ltd. The ore is mined underground from a lenticular ore body running 20%-35% crystalline flake graphite. The ore is beneficiated by flotation to make products containing 80%-83% and 90%-94% graphite.
|Year||Production||Unit of Measure||% Change|
|2004||10267||Metric tons||33.77 %|
|2005||4298||Metric tons||-58.14 %|
|2006||6588||Metric tons||53.28 %|
|2007||6000||Metric tons||-8.93 %|
|2008||5000||Metric tons||-16.67 %|
|2009||2500||Metric tons||-50.00 %|