TSX-listed NextSource Materials says increases in global logistics costs have resulted in a $3-million increase in the construction budget for Phase 1 of the Molo graphite mine, in Madagascar. These are retail (pump level prices, including all taxes and fees. International Development Association (IDA) Following a prolonged period of political instability and economic stagnation, Madagascar was on a modest growth trajectory prior to the Covid-19. . Mine development company NextSource Materials has appointed CrossBoundary Energy (CBE) to build, own and operate the plant over a 20-year term. The power plant will power Phase 1 of the Molo mine project. 69 MW solar photovoltaic array facility, a 1 MWh battery energy. .
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