Ryzon and Xinhai sign agreement for Nachu graphite mine in Tanzania

Ryzon Materials and Yintai Xinhai Mining person entered into a non-binding heads of statement (HoA) for an engineering, procurement, operation and absorption (EPC+M) declaration for the Nachu graphite mine.

Through its Tanzanian subsidiary, Uranex Tanzania, Ryzon Materials holds afloat (100%) ownership of the Nachu graphite task adjacent Ruangwa.

The task is located astir 220km from the larboard of Mtwara.

Under the HoA, Xinhai volition gully connected its expertise successful mining engineering, mineral processing and task transportation to hole revised outgo estimates for the plant’s archetypal signifier wrong the existent quarter.

The task has a planned capableness of 80,000 tonnes per annum (tpa) of graphite. Xinhai volition besides implicit the elaborate engineering phase, arsenic antecedently announced connected 30 September 2025.

Ryzon president Frank Poullas said: “We admit the enactment we proceed to person from Xinhai and its partners. We look guardant to moving towards large improvement works successful the coming year.”

The statement sets retired the process for finalising the EPC+M contract, with Xinhai scheduled to taxable a ceremonial connection to Ryzon successful the 2nd 4th of 2026.

In addition, Xinhai is supporting Ryzon successful arranging financing for the task by leveraging its web to assistance beforehand the process.

At present, discussions are nether mode with respective parties, chiefly located successful China, with the purpose of obtaining astatine slightest 80% of the required superior done indebtedness financing.

Xinhai president Elon Zhang said: “With the galore tract visits our institution has conducted astatine Nachu and each the trial enactment completed successful our lab, I person nary uncertainty that Nachu is simply a unsocial graphite excavation and volition propulsion extremes to bring the task into accumulation successful the soonest imaginable clip frame.”

"Ryzon and Xinhai motion statement for Nachu graphite excavation successful Tanzania" was primitively created and published by Mining Technology, a GlobalData owned brand.

The accusation connected this tract has been included successful bully religion for wide informational purposes only. It is not intended to magnitude to proposal connected which you should rely, and we springiness nary representation, warranty oregon guarantee, whether explicit oregon implied arsenic to its accuracy oregon completeness. You indispensable get nonrecreational oregon specializer proposal earlier taking, oregon refraining from, immoderate enactment connected the ground of the contented connected our site.