Volt proceeds with $40m Tanzania bond issue

Tanzania-focused flake graphite development company Volt Resources said on Thursday that it would proceed with the issue of $40-million structured debt funding to complete the Stage 1 development of its Bunyu graphite project. The company has engaged Exotix Capital to undertake a Tanzania bond issue to raise the required funding for the development of Stage 1, which is targeting production of 20 000 t/y of graphite products starting in late 2018 or early 2019.