Syrah Resources Granted Mining License for Balama Project

Syrah Resources (ASX:SYR) announced that the Mozambique Government has granted a 25-year mining license for the Balama Project, covering both graphite and vanadium. Construction will commence after the wet season ends in April 2014.

As quoted in the press release:

The Mining Licence application wa submitted on July 8, 2013 and the licence granted in about 5 months. There are very few jurisdictions around the world that can boast a Mining Licence being granted so efficiently from time of application.

Click here to read the Syrah Resources (ASX:SYR) press release
Click here to see the Syrah Resources (ASX:SYR) profile.

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