Browsing: Balama

Extractives
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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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Extractives
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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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Extractives
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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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Oil & Gas
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Mozambique president to visit LNG and terrorism sites in Cabo Delgado

Mozambican president Filipe Nyusi will tomorrow begin a four-day trip to his home province of Cabo Delgado, including visits to terrorism-hit Mocimboa da Praia and to Palma, the district where the country’s transformative LNG projects will be built. [...]

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Metals & Minerals
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Syrah blames contractors for Mozambique graphite mine delay

Australian graphite miner Syrah Resources has delayed the start of production at its mine in northern Mozambique until later this year, citing slow work by its contractors, and a road accident that delayed the arrival of a power transformer to the site. [...]

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