A glut of graphite spread over many companies is not good news for profitable mining as the competition will lower the price but there again many are joining the run for the discoveries and looking for something better to try and get an edge.

Written by: James Murrayon April 8, 2012

THUNDER BAY – Across Northwestern Ontario, there is a lot of excitement about the Ring of Fire and the prospective bounty of chromite that might be found. However there is another discovery, graphene, which has been found in significant amounts by Zenyatta Ventures in their Albany Project. The find, still in the exploratory stages, could signal the opportunity for a shift of significant magnitude in the world’s supply of this fairly new commodity.

First, Graphene is something fairly new. It was first announced as a discovery in 2004. Andre Geim and Konstantin Novoselov from Manchester University discovered graphene, and were awarded the 2010 Nobel Peace Prize.

Graphene is a carbon that can exist as a sheet only one atom in thickness. This one atom thick material is transparent, and has the same capacity to conduct electricity as copper.