January 2nd, 2012

One of the world’s largest graphite mines reopens near Edsbyn

The Woxna Graphite Mine near Edsbyn has been refurbished and reopened by the Canadian Mining company Flanders Resource Limited following strong global graphite demand.

The Woxna mine is one of the largest graphite mines in the world, with a rated capacity of 13,000 tons per year and estimated reserves of 6.93 million tons. The mine is unique due to its high quality large graphite flake, long life expandable resource, first class existing infrastructure, potential to upgrade to value added lithium battery graphite and its strategic position within the European Union. The Woxna mine is 100 percent owned by Flinders Resources Limited.

The Woxna Graphite Mine was in operation between 1996 and 2001 before production was put on hold due to falling global prices. The mine was refurbished and officially reopened in September following strong global growth in graphite demand. This demand is driven by a steady growth in traditional uses such as steel production, lubricants, brake linings and batteries as well as double digit growth from new applications, in particular portable electronics and hybrid and electric vehicles as well as developing markets such as solar and wind power, pebble bed nuclear reactors and fuel cells. Global demand is forecast to continue to expand with graphite expected to play a significant role in tomorrow's high tech electronics.

The mine is now ramping up to produce to a number of graphite specifications tailored to customer requirements. It supplies a high quality coarse graphite flake product to Europe, one of the world's dominant graphite markets.

Flinders long-term strategy is to build on its production at Woxna and establish a multinational graphite dominant industrial minerals company to produce and sell graphite to the markets of Europe, North America and Australasia.

News source (external website)