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Stratmin JV receives final permit for Madagascar project

StratMin Global Resources, the AIM-listed resource and commodity company, has received the final permit for its Vatomaina graphite project in Madagascar.

StratMin Global Resources notes that receipt of the environmental permit - the final regulatory permission required for it to begin on-site development at the Vatomaina graphite project in Madagascar - has been awarded.

The Vatomaina graphite project is owned and operated by Tirupati Madagascar Ventures (TMV), the joint venture company formed between StratMin and Tirupati Carbons and Chemicals.

The Vatomaina graphite project is a 12 000 tpa large flake high grade graphite mine and processing facility being developed by the TRM joint venture partners in Madagascar.

“The joint venture partners are progressing the Vatomaina project at a steady pace and we are very happy with the progress being made by the in-country team,” says Stratmin CEO Brett Boynton.

“With this final regulatory requirement now in hand, we can move into on-site development,” he says.

StratMin Global Resources says that topographic and water power studies are currently underway.

The current hydro studies are of particular interest as initial assessment indicates potential for hydroelectric power production which could significantly improve project economics by supplementing diesel power generation with clean, low cost hydro-power.