KNL worth $1B to Tanzanian Economy

Bob Pett presented at ADU this week so its fair to say that Spinks was otherwise engaged.

The Tanzanian media certainly liked what Pett had to say.

http://www.thecitizen.co.tz/News/Au...nto-economy/1840340-4737804-b43mkv/index.html

https://dailynews.co.tz/news/2018-08-315b892f505b51d

Keeping in mind that 2 mining licences have been awarded in the last 2 days (WKT & STA), and that the Tanzania Deputy Minister of Mining rocked up at ADU this week to promote investment in Tanzania, KNL's ducks must be pretty much lined up.



KIBARAN BULLISH ABOUT TANZANIA’S GRAPHITE PROSPECTS
Perth, Thursday

31/08/2018

AN Australian company set to contribute more than US$1.0 billion to the Tanzanian economy over the next 20 years through local graphite mine projects, says the global market opportunity for battery grade graphite is unequivocal.
Speaking on the second day of a three-day Pay dirt 2018 Africa Down Under mining conference in Perth, Kibaran Resources Chairman, Mr Robert Pett, said the market opportunity for the commodity was “now” despite a lot of “noise” around the battery component supply chain and forecast supply and demand estimates.
“A raft of high end, credible industry and government agencies have initiated substantial modelling around graphite and the opportunity it presents is quite clear,” Mr Pett said.
“Standout and verifiable conclusions range from the expected presence of one billion electric vehicles on the world’s roads by 2025 under a lithium-ion battery market momentum worth US$290 billion by 2025,” he said.
“Some 47 per cent of the lithium-ion battery market will require a component contribution from spherical graphite and this will generate a 700 per cent increase in natural flake spherical graphite demand in just the next seven years.
“This will stretch global consumption of natural flake spherical graphite from 127,000 tonnes currently per annum to 800,000tpa.” Cobalt, nickel, lithium and manganese would fulfil the suite of ingredients needed for lithium-ion battery production.
Mr Pett also pointed to the accelerating demand from the energy industry for domestic and industrial application lithium-ion battery storage options.
“The expected energy expenditure is mind boggling – a forecast US$8 trillion investment in new wind and solar production globally through to 2050, and a US$500 billion investment through that period in new battery storage capacity,” Mr Pett said.
“We believe projects like Kibaran’s advanced high grade natural flake graphite undertaking at Epanko in Tanzania are of the calibre offering the required scalability, long-term supply profile and the duality of either concentrate supply or special value-adding spherical graphite.”