Browsing: Metals & Minerals

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Syrah makes drastic cuts to Mozambique graphite operation

30% of Mozambique staff will go as production is cut to a bare minimum Syrah Resources will make 30% of its staff redundant and cut production to the bare minimum at its graphite mine and processing facility in Balama, Cabo Delgado, blaming changing market conditions in its biggest [...]

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Nyusi warns Zambézia coastal community not to block Russian-owned sand mine

President Filipe Nyusi this week inaugurated a Russian-owned heavy sand mining facility, with links to the family of former President Armando Guebuza — and warned the local community in Zambézia not to get in its way. Tazetta [...]

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Chinese finance plays growing role in Triton’s graphite mine plans

A state-owned Chinese company is to take a 34% stake in graphite producer Triton Minerals for A$19.5 million (US$13.6m), which Triton says will allow it to complete the financing of its graphite mine project in Cabo Delgado province, which looks set to [...]

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Strong vanadium demand draws Chinese investment for Mozambique mining project

New Energy Minerals (NEM) expects Chinese demand for reinforced steel to underpin its vanadium mining project at Cuala in Cabo Delgado, and has secured a $3.6 million investment from a Hong Kong investment group to push the development [...]

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Riversdale millionaire still trading Mozambique mines through tax havens

An Australian who made millions selling Mozambican coal mining prospects to Riversdale and then Rio Tinto, is selling a ruby mine concession in Cabo Delgado for $2 million - and is linked to an Australian listed company developing a graphite mine in the [...]

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Mozambique mine faces trespasser death investigation, as mineral prices boom

Human rights organisations are planning to investigate two recent deaths at Kenmare Resources’ heavy sands mine in northern Mozambique, amid ongoing calls for the company to share more of its growing revenues with the local community and the Mozambican [...]

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Mozambique graphite leader grapples with higher costs and lower production

Graphite producer Syrah Resources is producing less graphite and incurring higher costs than it had forecast - leading the company’s new chief operating officer (COO) to review of operations at the mine in Cabo Delgado, northern Mozambique.

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