https://www.engineeringnews.co.za
Operations
Operations
operations

Bass beats monthly sales target from Madagascar mine

4th December 2018

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – The share price of Bass Metals rose by more than 13% on Tuesday after the graphite miner exceeded its forecast sales volumes during November.

ASX-listed Bass told shareholders that it sold 693 t of graphite concentrate during the month of November, which was achieved within months of completing the ramp up of the Stage 1 production at the Graphmada operations, in Madagascar.

“We are delighted to have completed our production ramp-up phase. We have now sold the vast majority of product produced during ramp-up on good terms,” said Bass executive director Peter Wright.

“We are excited to see that demand for our much higher priced large and jumbo flake product is very strong, as this positions the company well to continue to experience strong growth into 2019.”

Bass has previously said that with the ramp-up of the Stage 1 operation complete, the company would look to expand production from the current 6 000 t/y to the Stage 2 target of 20 000 t/y.

Bass shares closed at a high of 1.7c a share on Tuesday, up from an opening price of 1.5c a share.

Edited by Creamer Media Reporter

Comments

Latest News

Magazine video image
Magazine round up | 29 March 2024
Updated 3 hours ago

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
Universal Storage Systems (SA)
Universal Storage Systems (SA)

South African leader in Steel -Racking, -Shelving, and -Mezzanine flooring. Universal has innovated an approach which encompasses conceptualising,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.065 0.119s - 158pq - 2rq
Subscribe Now