BLACK ROCK MINING ORD
Black Rock Mining secures multiple funding investments for Mahenge graphite development
Black Rock Mining (ASX: BKT) has finalised multiple funding investments to advance the development of the Mahenge graphite project in Tanzania. The company’s strategic alliance partner POSCO International agreed in early September to invest US$40 million via a two-tranche share placement that will increase its stake in Black Rock from 10.1% to 19.99%. The placement […]
Black Rock Mining completes Mahenge debt financing with US$179m facility from African banks
Tanzanian explorer Black Rock Mining (ASX: BKT) and its subsidiary Faru Graphite have secured a facilities agreement with three African banks to provide US$179 million in funding to develop the Mahenge graphite project. The deal was signed with the Development Bank of Southern Africa (DBSA), the Industrial Development Corporation of South Africa (IDC) and Tanzanian […]
Weekly wrap: Nvidia and AirTrunk bookend a big week for the Australian market
The week on the Australian share market can be neatly summarised by two vastly different technology bookends. One was the incredible 9.5% single day plunge in the value of Nvidia shares, which wiped out an incredible US$278.9 billion (A$415.5 billion) of market capitalisation for the AI chip maker in one fell swoop. And the second […]
Black Rock Mining secures US$40m POSCO investment for Mahenge graphite offtake
Graphite developer Black Rock Mining (ASX: BKT) will receive a US$40 million equity investment from South Korean steel conglomerate POSCO International in exchange for long-term offtake rights from Module 2 of the world-class Mahenge graphite project. The investment will be in the form of a binding subscription agreement, which remains subject to certain conditions including […]