Chinese group increases stake in Moz graphite project

Chinese company Shandong Tianye Mining has invested a further $1.23-million into Australian junior Triton Minerals, buying shares (in a placement by Triton) at a price of $0.048 per share, Proactive Investors has reported. Shandong Tianye Mining was already the largest shareholder in the Australian company, which is developing graphite projects in Mozambique. (Shandong Tianye Mining is itself part of the larger, private sector, Shandong Tianye Group, established in 1999 and originally a real estate business, with real estate remaining a core focus; the mining operation was set up in 2007. The group is also active in the energy and micro-finance, as well as other, sectors.)