Resumen de StratMin clinches benchmark grade at Loharano graphite plant
StratMin Global Resources Plc has managed to produce graphite with an overall grade of 94.3% C from its Loharano graphite project in Madagascar - an achievement which managing director, Manoli Yannaghas, admits has been "a long time coming".
The company's announcement comes after nearly two years under the stewardship of Yannaghas, a former financial consultant, who took over the company in July 2013, tasked with making good StratMin's promises to turn the past-producing Loharano mine into a viable new source of flake graphite.
"We're late and the market has punished us for that," Yannaghas told IM. "In June 2013, [the management] was talking about [a production rate of] 1,000 tpm (...) and now here we are in May 2015 with volumes in the 200s."
