Syrah Resources has delivered first production of purified spherical graphite from its battery anode material (BAM) plant in Louisiana in the United States.
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.
Syrah Resources has cemented its comeback from production issues last year by posting a production record in March at as the Balama graphite project.
Syrah Resources is on track to meet the lower end of its production guidance at the Balama graphite operation in Mozambique.
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.
Syrah Resources’ mining agreement for the Balama graphite operation in Mozambique, Africa has been sanctioned.
Syrah Resources has signed a purchase agreement for an industrial site for its planned battery anode material (BAM) development in Louisiana, United States.
Syrah Resources has produced its first bagged saleable flake graphite from the Balama project in Mozambique.
Syrah Resources plans to raise $110 million to fund the ramp up of production at the Balama graphite project in Mozambique, Africa.
Gold miner St Barbara scooped the Digger of the Year award at the 26th Diggers & Dealers Mining Forum in Kalgoorlie this week.
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