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Mozambique Mining Industry: Syrah Resources and Chalieco Unable to Finalize Final Offtake Amounts of Vanadium
Syrah Resources (ASX:SYR) provided an updated on its MOU with Chalieco signed in March 2014. Syrah was not able to lock in an offtake on a specified amount of vanadium with Chalieco within three months of signing the MOU, due to a lack in data. A draft Scoping Study has already been received and is currently undergoing review by Syrah’s technical team. Both parties expect an offtake agreement to be concluded once these issues are…
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