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Syrah exports first graphite extracted in Mozambique

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Syrah Resources is expected to export the first shipment of graphite flakes extracted in Mozambique on 31 December, the Australian company said in a market filing.

The statement added that the company had completed the preparation of the first graphite bagged for sale from the Balama project in Cabo Delgado province, northern Mozambique.

The company announced earlier this month that it had signed a contract to supply Chinese company Zhanjiang Juxin New Energy Materials with 20,000 tons of graphite to be mined at the Balama concession in 2018.

The Chinese company, established in 2006, is headquartered in Guangdong Province, and specialises in the production of spherical graphite and materials for production of anodes for lithium-ion batteries, selling its products both in China and abroad.

Syrah Resources said in September it had signed a contract to provide 30,000 tons of graphite to Jixi BTR Graphite Industrial, a subsidiary of Shenzhen-based Chinese group BTR New Energy Materials.

The Balama concession, in Cabo Delgado province, is about 200 kilometres west of the port city of Pemba, with proven and probable reserves of 81.4 million tonnes, with a graphite content of 13.2 million tonnes .

Source: Macauhub

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