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- Triton Minerals (TON) strikes an early-stage deal with a subsidiary of global generator manufacturer Himoinsa to supply power to the Ancuabe graphite project in Mozambique
- Under today’s memorandum of understanding (MoU), Himoinsa Southern Africa will develop a modular and sustainable power solution for Triton’s Ancuabe mining operations
- Himoinsa will supply the energy through power generated on-site via diesel and hybrid solar power or a combination of site-generated power and energy from the local grid
- Triton says the power supply arrangement de-risks Ancuabe in terms of initial funding and regarding the execution, financing, and technology of the project
- Shares in Triton Minerals are up 13.3 per cent to 3.4 cents each
Triton Minerals (TON) has struck an early-stage business deal with a subsidiary of global generator manufacturer Himoinsa to supply power to the Ancuabe graphite project in Mozambique.
The battery metals explorer today announced a memorandum of understanding (MoU) with Himoinsa Southern Africa under which Himoinsa will develop a modular and sustainable power solution for Ancuabe mining operations.
Himoinsa will supply the energy through power generated on-site via diesel and hybrid solar power or a combination of site-generated power and energy from the local grid
Triton Executive Director Andrew Frazer said today’s deal with Himoinsa marked an important step for the development of a commercial power plant (CPP) at the Ancuabe project.
“The supply of power is crucial to the success of a mining project, and, particularly at the early stages of the project development, the Himoinsa solution will provide the Ancuabe project with flexibility and reliability,” Mr Frazer said.
The proposed Triton-Himoinsa deal will take part in two stages. Under the first stage, the companies will work to power a processing plant at Ancaube, with Himoinsa to supply 1.5 megawatts (MW) of diesel-powered electricity generation to be potentially combined with a solar-battery hybrid energy solution.
The second stage will see the project expanded based on the performance of the processing plant from the first stage, with this second stage to scale up the supply of energy to between 5 MW and 6 MW.
Himoinsa Southern Africa Director Matthew Bell said with its extensive experience in Southern Africa and knowledge of the local market, the company was “ideally placed” to provide a power solution to Triton and its Ancuabe project.
“Designing the main infrastructure at Ancuabe where solar/BESS (battery energy storage system) technologies can be effectively incorporated immediately or in the future ensures the power solution is future-proofed for the mine’s increased and long-term load requirements,” Mr Bell said.
Triton said the power supply arrangement with Himoinsa de-risked the Ancuabe project in terms of initial funding for the project and regarding the execution, financing, and technology of the project.
Shares in Triton Minerals were up 13.3 per cent to 3.4 cents each at 3:42 pm AEST. The company has a $38.4 million market cap.
