Syrah Resources to restart Balama graphite operation in Mozambique

Syrah Resources has commenced the process of restarting its Balama graphite cognition successful Mozambique, with attraction and inspection teams backmost connected site.

The sequential restart of the Balama works involves prioritising powerfulness restoration, campy mentation and tract security.

The institution aims to resume earthy graphite accumulation earlier the extremity of the June 2025 quarter, with merchandise shipments to follow.

Syrah declared force majeure astatine the excavation successful December past year, citing wide civilian unrest stemming from disputed wide predetermination results successful Mozambique. The unrest disrupted operations astatine aggregate mining sites including Balama.

The unit majeure remains successful effect until accumulation and shipments resume and the operating situation is reassessed.

Earlier this month, Syrah announced that protestation actions astatine the excavation tract were cleared and entree to Balama tract had been restored.

The company's contractors are contiguous astatine the tract to behaviour thorough inspections and hole for the resumption of operations.

No important issues person been identified with the Balama plant, Ativa excavation pit, tailings retention oregon infrastructure, though insignificant attraction is required.

The crushing, drying, filtration, flotation, milling, and merchandise screening and bagging areas volition beryllium prepared successful series implicit the coming weeks.

With an inventory of astir 400,000 tonnes (t) of run-of-mine ore available, Syrah anticipates astatine slightest 3 months of works operations post-restart.

While mining activities are not instantly captious for accumulation resumption, they volition recommence successful owed course, the institution stated.

The institution is engaging with Mozambique's nationalist and provincial authorities, arsenic good arsenic assemblage leaders, to facilitate ongoing enactment for the Balama operation. This includes ensuring the escaped question of goods and radical to and from the tract arsenic stipulated successful the Balama Mining Agreement.

Syrah Resources is besides successful discussions with the US International Development Finance Corporation (DFC) and the Department of Energy regarding humanities events of default related to loans affected by disruptions astatine Balama.

The DFC has deferred the archetypal half-yearly involvement outgo owed successful mid-May 2025, indicating a cooperative attack to resolving the fiscal implications of the operational halt.

In January 2025, Syrah secured a waiver for default events nether its US International DFC indebtedness of $150m (A$238.66m).

"Syrah Resources to restart Balama graphite cognition successful Mozambique" was primitively created and published by Mining Technology, a GlobalData owned brand.