A slew of companies are making progress exploring and mining for graphite in Africa. Here’s a brief overview.
Syrah Resources Ltd. (ASX:SYR) announced that it’s signed an offtake agreement with Japan’s Marubeni Corp. (TSE:8002).
The company released the PEA for its Coosa graphite project on Monday. Here Co-CEO and Executive Chairman Don Baxter weighs in on why it’s unique in the space.
Syrah Resources is focused on its Balama graphite project, while OceanaGold is a gold and copper producer with operations in New Zealand, the Philippines and the US.
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Syrah Resources Ltd. (ASX:SYR) released an update on its Mozambique-based Balama project, commenting that production remains on track for the first quarter of 2017. Work is progressing on a process plant, as well as on procurement and contracts.
Ben Kramer-Miller of miningWEALTH released a report on Syrah Resources Ltd. (ASX:SYR). In it, he reiterate his belief that the company’s Balama project is “economically impractical even if it makes sense from geological and engineering perspectives.”
Mining Weekly reported that Syrah Resources Ltd. (ASX:SYR) has announced plans to raise AU$211 million to develop its Mozambique-based Balama project.
Syrah Resources Ltd. (ASX:SYR) announced that it’s received the land access license for its Balama graphite project from Mozambique’s Ministry of Land, Environment and Rural Development.
This past Friday, Syrah Resources Ltd. (ASX:SYR) released a feasibility study for its Balama graphite project in Mozambique, noting that it confirms that the project has “low capital intensity, low technical risk and attractive returns.”
Syrah Resources Ltd. (ASX:SYR) announced that it’s received the environmental license for its Balama graphite project. It was awarded by Mozambique’s Ministry of Land, Environmental and Rural Development.
Syrah Resources Ltd. (ASX:SYR) saw its stock prices jump 13 percent since news broke of an agreement with Chinalco Mining Corp. (HKG:3668) Tuesday. The medium-cap company signed a 3-year contract to supply graphite to the Chinese company, which sent shock-waves through the market and fueled talks of a graphite
Syrah Resources Ltd. (ASX:SYR) announced the successful conclusion of a binding offtake agreement with China Aluminium International Engineering Corp. Ltd. (Chalieco) for its Balama graphite and vanadium project in Mozambique.
Syrah Resources Ltd. (ASX:SYR) announced that it has started pre-construction work at its Mozambique-based Balama graphite project.
Syrah Resources Ltd. (ASX:SYR) announced that it has produced uncoated, battery-grade spherical graphite using natural flake graphite from its Mozambique-based Balama project.