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Australian company Syrah Resources has agreed with UK company Asmet to supply it with 100,000 to 150,000 tons of graphite each year quarried at the Balama concession in Mozambique’s northern province of Cabo Delgado, according to a recent statement.
Under the terms of the statement, the graphite sold to Asmet will cost US$1,000 per ton over five years and the final contract will be subject to the product being quality tested.
Syrah Resources said that negotiations were progressing well with Chinese company China Aluminum International Engineering Corporation Limited (Chalieco) to supply between 80,000 and 100,000 tons of graphite per year and a unspecified quantity of vanadium.
In the statement the company said it had been contacted by several Chinese graphite buyers following a decision by the authorities of the Chinese province of Helionjiang to close some graphite mines due to pollution levels.
Tests carried out on samples from the Balama concession, according to Syrah Resources showed that graphite from Mozambique was of higher quality than the graphite from China, both for traditional and high technology applications.