Lincoln Minerals launches graphite spot trading with Chinese enterprise

By / 8th of September, 2014

LINCOLN Minerals Limited (ASX: LML) has signed a cooperation agreement with a group of Chinese local governments and private enterprises to launch a platform for spot trading of graphite in China.

The agreement was signed at the GrapChina 2014 graphene conference in Ningbo, which ran from 1-3 September 2014 and attracted over 1,000 delegates from all over the world.

Key signatories to the cooperation agreement are the governments of Luobei County and Pingdu (two of China’s foremost graphite mining regions), three major Hi-tech graphite enterprises, Australian explorer Lincoln Minerals Limited and Hong Kong headquartered Matrass Mining Group.

The agreement, of the Qingdao International Graphite Exchange project, provides for the parties to work together on launching a graphite spot trading platform and develop applications for graphene. It is a major project in the Qingdao High-tech Development Zone looking at energy saving and new materials.

It is proposed that Lincoln will promote its graphite and related products through the Qingdao International Graphite Exchange to the rest of the world.

Qingdao is a very important port for international trade, located in the southeast part of Shandong Province, a short distance to Korea and Japan, and very close (less than 100 km) to one of China’s major industrial graphite producing regions, the Pingdu region.

At the invitation of the organisers of GrapChina 2014 Conference, Lincoln Minerals’ Chairman, Mr Jin Yubo, co-chaired “Symposium G: Graphene Resource Cooperation and Utilization” with Mr Lilu Song, Chairman of Qingdao Hi-Nicer Nano Technology Co. Ltd.

The conference, jointly organised by the China Innovation Alliance of the Graphene Industry (CGIA), Phantoms Foundation and the Ningbo Government, was one of the first international events promoting the industrialisation of graphene to be held in China.

A key subject of interest was the impact of the rising profile of graphene in China on investment into graphite-based products, as well as mining and processing. Graphene has been produced from high grade graphite schist samples from Lincoln Minerals’ Eyre Peninsula graphite projects.

Lincoln Minerals is currently finalising a Mining Lease proposal for its high grade graphite deposit at Kookaburra Gully on South Australia’s Eyre Peninsula.