BlackEarth Minerals and Metachem to form a joint venture.

BlackEarth Minerals, an integrated graphite developer, and Metachem, a firm engaged in the manufacturing, supplying and exporting expandable graphite, agreed to form a joint venture supply a material portion of all imports of expandable graphite into Europe. Financial terms were not disclosed. “The signing of this JV is an exciting development in the growth of our company. To form this JV with a world leader of Expandable Graphite production is a wonderful outcome and this event follows many months of discussions between the executive teams our two companies. Now that we have signed off on this JV, we will shortly move to our preferred site in India and also conclude the recruitment of senior executives in India to manage the planning, construction and development phase," Tom Revy, BlackEarth Managing Director.