(Kitco News) – Armadale Capital (LON: ACP) announced today it submitted the environmental and social impact assessment to the National Environment Management Council of Tanzania.
Armdale is developing its Mahenge graphite project in south-east Tanzania.
The company sid that the council will conduct a field visit this month, one of the final steps before recommendation for the granting of the environmental permit (EISA approval) which will allow the granting of the mining licence.
Armdale estimates that the mine will have a pre-tax cashflow of US$985m over an initial 15 year mine-life.