Metals

Black Rock Mining completes resettlement action for Mahenge graphite project

CBCIE Time:May 28, 2020 16:30 Source:smallcaps

Black Rock Mining announced it has completed the resettlement action plan (RAP) process for its Mahenge graphite project in Tanzania, a typically mandated condition precedent for debt funding and mining licences.

The company today confirmed its Tanzanian based consultant has finalised field activities for the process, which is expected to facilitate continued progress on financing the project.

The news follows Black Rock’s announcement at the start of the month that it is about to start negotiations relating to the Tanzanian government’s 16% free carried interest in the project.

RAP is a process used to assess land and property values and to support the relocation of people and properties.

Resettlement for Mahenge includes areas associated with the Mdindo, Kisewe, Nawenge and Makanga villages of Tanzania.

Field activities were undertaken by surveyors, valuers, sociologists, data entry and geographic information systems experts and included 148 meetings held with the Mahenge community since December 2019.

Black Rock said at the completion of RAP field activities, it recorded a 98% acceptance rate. The remaining parcels with appeals have been recorded and will complete a resolution process according to International Finance Corporation standards and Tanzanian government legislation.

“Being able to secure a 98% acceptance rate and having 99% of participants willing to voluntarily relocate before arbitration, should be considered as community validation of our project’s social licence to operate,” Black Rock managing director and chief executive officer John de Vries said.

“A successful RAP further differentiates Mahenge’s brand of clean and green graphite, to now include socially responsible graphite,” he added.

Mr de Vries attributed the high acceptance rate to the “thoroughness and diligence” of the company’s management team and consultants.

All articles, pictures, reports and other original works on the website that are attributed to CBCIE are non-public information, only for members. No one may reproduce or otherwise use the original content of this website without our permission. If you need to use it, please call
+86 18135172048 to apply for authorisation. CBCIE reserves the right to pursue any infringement and citation contrary to the original intent.

Disclaimer:CBCIE is committed to building a comprehensive and authoritative metal information platform, and strives to provide a full range of data and information services and decision-making support for metal industry researchers and practitioners. However, the information on this website is for reference only and is not intended as direct advice for investors' decision-making. Any investment, purchase, sale or operation based on the information on this website should be at your own risk and is not related to CBCIE.

Contact us

Contact us for more CBC information and services.

Get in touch
CBC专家咨询 关闭
close
WeCom

CS Manager:
Zizhen Zhang

+86 18135172048