Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksStratmin Global Resources Regulatory News (STGR)

  • There is currently no data for STGR

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Update on Investment in Graphmada Graphite Project

25 Sep 2012 07:00

RNS Number : 0298N
Stratmin Global Resources PLC
25 September 2012
 



StratMin Global Resources plc

 

(AIM: STGR)

 

UPDATE ON INVESTMENT IN GRAPHMADA GRAPHITE PROJECT

 

 

StratMin Global Resources Plc ("StratMin" or the "Company") is pleased to provide an update to shareholders on the Company's investment in Graphmada Equity Pte Ltd ("Graphmada").

 

Summary

 

·; Construction and commissioning of 12,000 tonne per annum capacity plant now complete

·; Graphmada entering into phased production schedule

·; Production expected to ramp up over next two quarters

 

 

Graphmada has informed the Company that the construction and commissioning of its graphite processing plant in Madagascar has now been substantially completed. Graphmada is now expected to enter into a phased production schedule over the next two quarters that will see a controlled production ramp up. The Graphmada processing plant utilises conventional crushing and screening processes, and then a flotation circuit to beneficiate the raw graphite ore into high grade graphite concentrate.

 

In January 2012, the Company announced an investment in Graphmada, an advanced stage graphite mining and production company with operations in Madagascar. StratMin acquired an initial 15% interest and has been working closely with Graphmada to help them achieve the goal of becoming a low-cost producer of premium quality flake graphite for the global market.

 

Gobind Sahney, Chairman of StratMin, said: "We are pleased that this phase of Graphmada's development has been achieved and look forward to the progression from an exploration company to a full scale production company that leads to sales, revenues and profitability."

 

StratMin is an investing company focussed on seeking out investment opportunities in the natural resource and extractive industries sector.  The Group's objective is to take meaningful ownership positions of operating companies and assets that have potential for significant growth, whose value can be enhanced with our capital and expertise.

 

 

Enquiries:

 

StratMin Global Resources Plc

Gobind Sahney

+44 (0) 207 467 1700

Libertas Capital Corporate Finance Limited

Sandy Jamieson

+44 (0) 207 569 9650

Peterhouse Corporate Finance

Jon Levinson

+ 44 (0) 20 7562 3357

 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTEAKNLASEAEFF
Date   Source Headline
13th Nov 200711:36 amRNSEPT Disclosure
12th Nov 200712:29 pmRNSHolding(s) in Company
12th Nov 200711:01 amRNSEPT Disclosure
9th Nov 200710:05 amRNSEPT Disclosure
8th Nov 20071:13 pmBUSRule 8.3 - Interactive Prospect Targeting Holdings Plc
8th Nov 200710:21 amRNSEPT Disclosure
7th Nov 200711:20 amRNSEPT Disclosure
6th Nov 200712:06 pmBUSRule 8.3 - Interactive Prospect Targeting Holdings Plc
6th Nov 200710:41 amRNSEPT Disclosure
5th Nov 20071:42 pmBUSRule 8.3 - Interactive Prospect Targeting Holdings Plc
5th Nov 200711:07 amRNSEPT Disclosure
2nd Nov 200710:21 amRNSEPT Disclosure
1st Nov 200712:35 pmBUSRule 8.3 - Interactive Prospect Targeting Holdings Plc
1st Nov 20079:52 amRNSEPT Disclosure
31st Oct 200712:49 pmBUSRule 8.3 - Interactive Prospect Targeting Holdings Plc
31st Oct 20079:58 amRNSEPT Disclosure
30th Oct 20073:04 pmBUSRule 8.3 - Interactive Prospect Targeting Holdings Plc
30th Oct 200711:18 amRNSEPT Disclosure
29th Oct 200711:38 amRNSEPT Disclosure
29th Oct 200710:08 amBUSRule 8.3 - Interactive Prospect Targeting Holdings Plc
26th Oct 20075:32 pmRNSHolding(s) in Company
26th Oct 200710:30 amRNSEPT Disclosure
26th Oct 20079:56 amBUSRule 8.3 - Interactive Prospect Targeting Holdings Plc
25th Oct 200710:07 amBUSRule 8.3 - Interactive Prospect Targeting Holdings Plc
25th Oct 20079:23 amRNSEPT Disclosure
24th Oct 20079:54 amRNSEPT Disclosure
23rd Oct 20074:42 pmBUSRule 8.3 - Interactive Prospect Targeting
23rd Oct 200712:53 pmBUSRule 8.3 - Interactive Prospect Targeting - Replacement
23rd Oct 200710:13 amRNSEPT Disclosure
22nd Oct 200712:05 pmRNSEPT Disclosure
19th Oct 20075:58 pmBUSRule 8.3 - Interactive Prospect Targeting Holdings PLC
19th Oct 20079:43 amRNSEPT Disclosure
18th Oct 20079:27 amRNSEPT Disclosure
17th Oct 200710:06 amRNSEPT Disclosure
16th Oct 200711:11 amRNSEPT Disclosure
15th Oct 200710:33 amRNSEPT Disclosure
12th Oct 20079:31 amRNSEPT Disclosure
11th Oct 200710:16 amRNSEPT Disclosure
10th Oct 20079:41 amRNSEPT Disclosure
9th Oct 20079:51 amRNSEPT Disclosure
8th Oct 20079:53 amRNSEPT Disclosure
5th Oct 20079:29 amRNSEPT Disclosure
4th Oct 200710:02 amRNSEPT Disclosure
3rd Oct 200711:10 amRNSEPT Disclosure
2nd Oct 20072:09 pmRNSHolding(s) in Company
2nd Oct 20079:35 amRNSEPT Disclosure
1st Oct 20074:23 pmBUSRule 8.3 - Interactive Prospect Targeting Holdings plc
1st Oct 20072:03 pmRNSHolding(s) in Company
1st Oct 200711:31 amRNSEPT Disclosure
28th Sep 200712:08 pmRNSEPT Disclosure

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.