Molo Graphite Mine
Madagascar
Molo Graphite Mine, a greenfield mining operation by junior miner NextSource Materials, works on the extraction of graphite, which is then processed into high-purity graphite flakes through a series of refining processes. The graphite is then transported to various global markets for use in different applications.
As a responsible miner, NextSource Materials is committed to sustainable mining practices and has implemented various measures to minimize their environmental impact. These include water conservation, land rehabilitation, renewable energy, and biodiversity preservation.
As a greenfield mining operation, Molo Graphite needed a secure and sustainable energy supply to begin operation. CBE partnered with NextSource Materials as a financier, developer, owner and operator of the mine’s bespoke hybrid energy system, consisting of 2.7 MWp of solar and a 2.5 MWh Battery Energy Storage System (BESS). Renewable energy is expected to meet at least 30% of the mine’s energy needs and save around 11 3000 tonnes of GHG equivalent per year.
