According to Walkabout Resources, a previously reported “sudden and material decrease” in spot prices for all graphite flake sizes in China has not occurred.
Syrah Resources plans to take “immediate action” in response to the sudden decrease in graphite prices, which may plummet further later this year.
Syrah Resources has entered into a convertible note deed and an underwritten entitlement offer to raise approximately $111.6 million for its Balama graphite project.
Mining and exploration company Mineral Commodities Graphite (MRC) has acquired Norwegian company Skaland Graphite, significantly boosting its capacity as a flake graphite producer.
Syrah Resources has cemented its comeback from production issues last year by posting a production record in March at as the Balama graphite project.
Mineral Commodities’ subsidiary MRC Graphite has awarded an early start engineering contract to Mondium for its Munglinup graphite operations in Western Australia as the company moves closer to a final construction decision.
Syrah Resources is on track to meet the lower end of its production guidance at the Balama graphite operation in Mozambique.
Hazer Group’s graphite pilot plant works with Mineral Resources are set to advance further following the delivery of a new pilot plant to Kwinana in Western Australia.
High graphite prices are encouraging development of new projects outside of China, according to market consultant Roskill.
Syrah Resources has posted strong results in the December 2018 quarter in spite of production issues caused by a fire at the Balama graphite mine in Mozambique last October.
Syrah Resources has started commercial production at the Balama operation in Mozambique, southeast Africa, following a review of its monthly metrics.
Battery Minerals’ second major graphite operation Balama Central in Mozambique boasts a mine life of 27 years and will cost just $US69.4 million to develop, its feasibility study has shown.
Graphex Mining has taken a major step towards becoming a significant supplier of premium, coarse flake graphite by securing up to $US85 million ($119.8 million) with Castlelake to advance its Chilalo project in Tanzania.
The equation looks simple; the supply of graphite is tightening, while the demand is currently forecast to skyrocket. Tom Revy discusses the market environment in the graphite industry.
A fire has occurred at Syrah Resources’ Balama graphite operation, less than a week since the project received approvals from the Mozambique Government.
Battery Minerals has achieved key milestones at its Montepuez graphite project in Mozambique, with steady progress going across all its construction works.
Syrah Resources’ mining agreement for the Balama graphite operation in Mozambique, Africa has been sanctioned.
Triton Minerals has signed an engineering, procurement and construction (EPC) contract with MCC International Incorporation for the mineral processing facility and infrastructure at the Ancuabe graphite project in Mozambique.
Volt Resources has received the Environmental Impact Assessment (EIA) certificate from the National Environment Management Council of Tanzania (NEMC) over its Bunyu graphite project.
Diggers & Dealers Mining Forum chairman Nick Giorgetta believes mining’s skills shortage is just years away from being at crisis levels if more Australians aren’t attracted to the industry.