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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 started pre-construction work at its Mozambique-based Balama graphite project. Mine construction is expected to start in 2015.
A definitive feasibility study is currently underway as well.
Other highlights include:
- Existing camp capacity being increased to accommodate anticipated staff increases
- Light vehicle workshop and fuel station established
- Installation of power lines and all transformers completed
- Syrah was awarded the 2014 Best Social Corporate Responsibility company for its community development activities
- Phase I of the resettlement plan has commenced and clearing of bush land has started to relocate local subsistence farmers
- Tenders for other initial construction works will be issued early next year
Click here to read the full Syrah Resources Ltd. (ASX:SYR) press release.
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