https://www.miningweekly.com
Mining|Resources
Mining|Resources
mining|resources

Syrah refutes stockpiling claims at Balama

2nd October 2023

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Graphite miner Syrah Resources on Monday refuted claims that the company was mining and stockpiling ore at its Balama operation, in Mozambique, rather than selling the output.

The miner said in a statement that a production campaign at Balama had been undertaken during the September quarter, and that graphite sales and shipments had been completed in the same period.

“Ongoing strength in global electric vehicle sales has seen increased anode production in China and improved natural graphite demand recently,” the company said.

The company paused production from Balama in both May and June, given the continuing volatile Chinese anode market conditions and excess availability of finished product inventory, which led to lower demand for natural graphite from Balama.

Syrah on Monday said that the company would update the market on its natural graphite sales and shipments for the September quarter later this month.

Edited by Creamer Media Reporter

Comments

 

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
VEGA Controls SA (Pty) Ltd
VEGA Controls SA (Pty) Ltd

For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 10 May 2024
Magazine round up | 17 May 2024
17th May 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.171 0.207s - 91pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: