The Mozambican government has approved terms of the mining contract with Twigg Corporation & Mining Limitada, a subsidiary of Australia’s Syrah Resources group, to exploit graphite deposits in the Balama district of Cabo Delgado province, Council of Ministers spokesperson Ana Comoana said on Tuesday in Maputo.
Read MoreThe Mozambique Minister for Mineral Resources and Energy, Leticia Klemens undertook a very detailed visit to the Syrah Resources Balama Operation, in Cabo Delgado province on Monday June 26. The visit focused on health and safety, environmental compliance, the mine, processing plant and infrastructure, the training and development systems in place, and the proportion of Mozambican national employees, particularly from the local communities. The commitment the Company has shown towards social responsibility in advance of production was…
Read MoreThe graphite processing plant in Ancuabe, northern Mozambique, will be reactivated, and Mozambique is seeking an investor for the project, said Thursday in Balama the President of Mozambique.
Read MoreThe share price of graphite hopeful Triton Minerals soared by nearly 65% on Wednesday, as the company announced that it had signed a binding offtake agreement worth $2-billion. Under the terms of an agreement inked with China’s Yichang Xincheng Graphite Company, Triton would supply 100 000 t/y of graphite concentrate for a period of 20 years, with the graphite to be priced at a minimum sales price of $1 000/t.
Read MoreThe managing director of Australia’s Triton Minerals, Brad Boyle, feels highly confident about the future following a recent discovery that increased the resource on his Balama North graphite license by somewhere between 730 million and 1.2 billion. That compared with a first estimate of just 103 million tons.
Read MoreThe potential of the Nicanda Hill prospect continues to rapidly expand with the completion of each drill hole. Triton Minerals believes these results are just a precursor to the true untapped potential of this very large world class graphite project and is yet to be fully demonstrated and realized, Mr. Boyle added.
Read MoreThe Mozambican government next week plans to put new coal mining licenses in Tete province up for auction, followed by oil and natural gas licenses, the country’s Mining Resources Minister said in Maputo.
Read MoreAustralian 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.
Read MoreIt’s been less than two months sinceSyrah Resources (ASX:SYR) signedits first memorandum of understanding (MOU) for an offtake agreement, but already the Australian company has signed a second.
Read More