DGAP-News: Kibaran Resources Limited: Belieferung der Lithium-Batterien-Branche durch Kibaran nach Abschluss einer verbindlichen Vereinbarung mit dem japanischen Handelsunternehmen Sojitz
08.08.2016 (www.4investors.de) -
DGAP-News: Kibaran Resources Limited / Schlagwort(e): Vereinbarung
Kibaran Resources Limited: Belieferung der Lithium-Batterien-Branche durch Kibaran nach Abschluss einer verbindlichen Vereinbarung mit dem japanischen Handelsunternehmen Sojitz
08.08.2016 / 13:39
Für den Inhalt der Mitteilung ist der Emittent verantwortlich.
Kibaran to supply graphite to lithium battery industry after signing binding agreement with Japanese trader Sojitz
100% of Epanko Graphite Project's production now covered by agreements
Kibaran Resources Limited (ASX: KNL) is pleased to announce that it has signed a binding exclusivity agreement with Japanese commodities trading giant Sojitz Corporation for the supply of graphite concentrate produced at its Epanko project in Tanzania.
Under the agreement, Kibaran will be the sole supplier of Tanzanian graphite to Sojitz for distribution into markets including Japan, Korea and Taiwan. Sojitz is in turn a major supplier of raw material and products to the rapidly growing lithium battery industry. The initial term of the agreement is five years.
The agreement provides the framework for sales of a minimum of 14,000 tonnes per year of natural flake graphite products subject to terms and conditions. Under the existing design, the plant will be capable of producing 44,000 tonnes a year of flake graphite concentrate.
Kibaran already has binding agreements for 30,000 tonnes including 20,000 tonnes with German industrial giant ThyssenKrupp.
Kibaran Managing Director Andrew Spinks said the Company's relationship with Sojitz would also provide a platform to increase production capacity at Epanko as market demand increases for battery grade graphite.
The execution of the agreement follows the completion of extensive due diligence by Sojitz, including a global review of potential graphite suppliers to meet the increasing demand from the lithium battery industry.
The due diligence on Epanko focussed heavily on analysis of Epanko graphite quality, including extensive testwork by end users.
The Sojitz agreement provides an avenue for long-term sales of Epanko graphite into the fast-growing lithium-ion battery markets of Japan and Korea.
Sojitz will also market Epanko graphite for use in a range of key applications in Japan, Korea, Taiwan, China and the US.
As one of the largest graphite traders in Asia and a leading trader of lithium compounds in the Japanese and Korean markets, Sojitz has an in-depth understanding of the lithium battery market.
Mr Spinks said Kibaran had partnered with the leading supplier of commodities to the lithium battery industry. Kibaran is proud to have yet another 'blue chip' partner in Sojitz Corporation and is expecting to formalise further strategic alliances to tie down the remaining major supply portals outside of China.
"Kibaran is now studying the potential to increase Epanko's production capacity based on forecast growth in lithium battery demand," Mr Spinks said.
"Graphite demand is forecast to treble on the back of the lithium battery demand and Kibaran's relationship with Sojitz and the ability to expand Epanko's capacity means it will be ideally positioned to capitalise on this opportunity."
Kibaran is also advancing its plan to produce battery-grade graphite and other value-adding strategies via the development of a downstream processing plant (see Figure 1).
Sojitz also intends to use its network to play a role in developing the downstream battery-grade graphite processing plant.
SOJITZ CORPORATION BACKGROUND
Sojitz is one of Japan's leading trading companies with net sales of US$3.4billion, net assets of US$1.9billion and a market capitalisation of US$1.4 billion. With over 80 worldwide offices and over 15,000 group employees worldwide, Sojitz has a substantial global presence.
Sojitz is listed on the Tokyo Stock Exchange.
Further information, please contact:
Managing Director Media
Andrew Spinks Paul Armstrong
+61 8 9388 1474
Kibaran Resources Limited | ABN: 15 117 330 757
338 Hay Street Subiaco Western Australia 6008 | PO Box 2106 Subiaco Western Australia 6904
T: +61 8 6380 1003 | E: email@example.com | www.kibaranresources.com
08.08.2016 Veröffentlichung einer Corporate News/Finanznachricht, übermittelt durch DGAP - ein Service der EQS Group AG. Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich.Die DGAP Distributionsservices umfassen gesetzliche Meldepflichten, Corporate News/Finanznachrichten und Pressemitteilungen. Medienarchiv unter http://www.dgap.de
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