Browsing: Syrah Resources

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Syrah slashes Mozambique mining while graphite demand remains slack

Syrah Resources reduced mining activity at its graphite mine in Balama, Cabo Delgado by 93% in the last quarter of 2019 and significantly reduced its staff, in an effort to reduce costs in the face of far worse market conditions than the company had been planning [...]

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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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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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