Mozambique Mining: Syrah Resources signs another contract for graphite sale

Mozambique Mining: Syrah Resources signs another contract for graphite sale

Syrah Resources has signed two new contracts for the sale of graphite to be extracted at the Balama mine in northern Mozambique, one of which is with China’s Qingdao Freyr Graphite Co., Ltd, the Australian company said in a market filing.

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Mozambique Mining: Syrah’s Balama graphite output up by 18%

Mozambique Mining: Syrah’s Balama graphite output up by 18%

Production for the month of September is expected to be approximately 15kt of natural flake graphite, compared to the estimate of 18kt at the start of the month. This is expected to result in a third quarter production forecast of 39-40kt versus second quarter of 21.2kt, an increase of approximately 85% , according to Syrah Resources.

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Mozambique Mining: Syrah Resources targets EV battery market with Balama graphite mine

The Balama project will cut into China’s dominance in the sector. Australian-listed Syrah Resources is targeting the market for electric vehicle batteries with its Balama graphite mine in Mozambique, which started production in November.

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Mozambique Mining: Syrah Resources to raise $110m for Balama graphite project

– Graphite developer Syrah Resources is hoping to raise A$110-million through a share placement and pro-rata accelerated nonrenounceable entitlement offer to fund the development of its Balama project, in Mozambique, and to provide working capital.

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