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Australia's BlackEarth Minerals wins export rights in Madagascar

Australia's BlackEarth Minerals said on Thursday it had received rights to export its graphite concentrate from Port d'Ehoala in southern Madagascar.

July 29 (Reuters) - Australia's BlackEarth Minerals BEM.AX said on Thursday it had received rights to export its graphite concentrate from Port d'Ehoala in southern Madagascar.

Graphite is considered a "critical" mineral with a range of application, including in the manufacturing of batteries for electric vehicles and in electrodes used for steel making.

The rights cover exports of all graphite-related products from its Maniry project in southern Madagascar, with the port providing all necessary ship-loading services, the graphite explorer said.

The port is owned and operated by global miner Rio Tinto RIO.AX and the government of Madagascar.

(Reporting by Soumyajit Saha in Bengaluru; Editing by Subhranshu Sahu)

((Soumyajit.Saha@thomsonreuters.com;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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