MRC doing further Munglinup work after positive feasibility results

MINERAL Commodities will need to find in the order of A$90 million to build a graphite operation at Munglinup in Western Australia that’ll generate average earnings (EBITDA) of $45 million over a 14-year mine life.

MRC doing further Munglinup work after positive feasibility results MRC doing further Munglinup work after positive feasibility results MRC doing further Munglinup work after positive feasibility results MRC doing further Munglinup work after positive feasibility results MRC doing further Munglinup work after positive feasibility results

MRC aims to add to its mineral sands business in South Africa with an integrated graphite venture in Australia-Norway

Completed feasibility work estimated Munglinup has a net present value of $160 million and an internal rate of return of 30%.

The mineral sands miner had cash of US$18.

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