GRAPHITE
Zimbabwe's sole graphite mine is seeking joint venture partners or capital lenders willing to $5.9-million to fund plant upgrades and the purchase of equipment to start underground mining, as well as exploration projects to increase the operation's resource base. Lynx Graphite board member Chris Chitambira told the Zimabwean media recently that the company needs at least $1.2-million for plant upgrades and for the partial mechanisation of underground mining operations.
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