Any news on the Graphite Licence sought?Noticed TRF applied for...

Any news on the Graphite Licence sought?

Noticed TRF applied for ELA2013/00175 in October 2013 - commodities sought GRAPHITE.

This ELA runs across between VXL's ML5561 Uley graphite mine in SA near Port Lincoln, and LML's EL 4643 - Gum Flat graphite project. Next to Valence Industries VXL.

China produces about 75 per cent of the world's graphite, but last month ordered a reduction of up to 10 per cent of global supply coming from its graphite-producing regions on environmental grounds.

With Chinese government restrictions on graphite exports and high demand from hi-tech industries, Valence Industries will reopen its processing plant and mine to produce up to 60,000 tonnes a year.

"There has been quite an adjustment from the Chinese in terms of their exports, but at the same time there has been a significant increase in global demand through industrial applications but also new hi-tech applications," Mr Darby said.

The hi-tech boom has renewed demand for graphite for use in computer chips and electronics.