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POSCO partners with Tanzania graphite developer

South Korea’s POSCO, a major participant in the global lithium-ion battery sector and one of the world’s largest producers of anode feedstock, has entered a strategic alliance and development memorandum of understanding with Black Rock Mining for the Mahenge graphite project in Tanzania.

POSCO partners with Tanzania graphite developer POSCO partners with Tanzania graphite developer POSCO partners with Tanzania graphite developer POSCO partners with Tanzania graphite developer POSCO partners with Tanzania graphite developer

Mahenge's prospects for development are firming

POSCO has 90 days to complete due diligence, before it enters a potential two-phase binding agreement.