Madagascar-focused flake graphite miner Tirupati Graphite has received $1-million net of prepayments from existing clients to support the ramp-up of its operations in Madagascar.
The company is ramping up the Vatomina and Sahamamy flake graphite projects to installed capacity of 30 000 t/y, following which it plans to increase capacity further to 84 000 t/y as per a medium-term development plan.
Executive chairperson Shishir Poddar explains that, since Tirupati completed the expansion of its two projects to the 30 000 t/y capacity mark, it has been advancing discussions with multiple new customers and closed deals with certain existing clients in the US and Europe.
Tirupati Graphite PLC (LON:TGR) is a fully integrated specialist graphite and graphene producer, with operations in Madagascar and India. The Company is delivering on this strategy by being fully integrated from mine to graphene. Its global multi-location operations include primary mining and processing in Madagascar, hi-tech graphite processing in India to produce specialty graphite, and a state-of-art graphene and technology R&D center to be established in India.
