Filipe Nyusi has declared combating poverty through investing in agriculture a “national emergency” and pledged to devote 10% of the state budget to the sector, in a speech following his swearing in for a second term as President of Mozambique on Wednesday. Agriculture and industrialisation [...]
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 [...]
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 [...]
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 [...]
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 [...]
Syrah Resources, the Australian-listed graphite miner, has halved its production estimate for the quarter following a fire at its Balama mine and processing plant, the company announced yesterday. The fire, which [...]
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.
Australia-based Triton Minerals on Wednesday announced that the company has signed a second binding offtake agreement for its Ancuabe graphite production with a Chinese buyer, meaning 50% of its planned production is now spoken for.