Press

Beneficiation and trading company Thakadu Battery Materials has secured a R50 million black industrialist grant from the Department of Trade and Industry (DTI).

Thakadu Battery Materials has taken a major step forward in its purification plant project to produce up to 25 000 tpa of high-purity nickel sulphate.

This is the second deal in two months by beneficiation and trading group Thakadu , which last month announced that its resources wing had paid R52-million for 26% of ChromeTech.

Thakadu Battery Materials and Lonmin concluded an agreement to proceed to bankable feasibility and an ultimate long-term off-take arrangement for the platinum group metals producer to supply its crude nickel sulphate stream to beneficiation company, Thakadu.