Page 45 - pd296-August21-mag-web

Work on the processing plant is being
handled in China where the EPC con-
tractor will pre-fabricate a processing
plant and ship it to East Africa.
“The manufacturing has already start-
ed and we will execute the second EPC
agreement in the next few days,” Mulli-
gan said.
One contract certain not to remain in-
country is sales. Walkabout already has
MoUs with two Chinese groups and an
international marketing agreement with
Wogin Pacific.
The company has been patient in clos-
ing its entire offtake book before it is in
Stellah Kimaro (TNR), Terry Calavrias (TNR), and Joseph Wtanda (TNR) - on the left - with production.
Lindi Jumbo’s Rachel Songo (director) and Ephraim Mrawa (company secretary) at the “As we get momentum in construction
signing of a bulk earthworks and civils contract for the Lindi Jumbo graphite project we are getting approaches from com-
panies around the world about supply,”
rights issue – which was oversubscribed services agreement and me as the only Mulligan said. “Most potential customers
– will be moved to Tanzania in the next expat director on the board. The rest will have said they would talk to us when we
month or so. be all local and we get so much credibility were closer to production. In doing that,
“Walkabout has embraced the local in-country for that approach.” they understand they will have to pay us
content aspirations of the Government. The Tanzanian flavour has extended on more favourable conditions.”
We want Lindi Jumbo [the Tanzanian- into operational contracts with the com- The situation is similar in capital mar-
registered company which manages the pany awarding the bulk earthworks and kets.
project] to be a truly African and Tan- civil engineering works programme to “There are a lot of serious investment
zanian company, run and supported by TNR Engineering Ltd, a local contractor. funds waiting to see success,” Mulligan
Tanzanians with local Australian involve- “That contract should expand into oth- said. “They are waiting to see that and
ment. The only Australian elements will er areas such as tailings, etc down the are prepared to pay more when they do.”
be the equity investment, a technical track,” Mulligan said. – Dominic Piper

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