Mozambique: Mining company will spend $1.5 million to compensate Balama residents – AIM report | Watch

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Mozambique: Mining company will spend $1.5 million to compensate Balama residents – AIM report | Watch

4:32 CAT | 23 Jun 2025

Screen grab: TVM

Twigg Exploration and Mining Ltd, the company which exploits graphite in Balama district, in the northern Mozambican province of Cabo Delgado, will spend 1.5 million dollars to compensate peasants affected by the project.

Twigg, which is a subsidiary of Syrah Resources Limited, listed on the Australian Stock Exchange (ASX), has been mining graphite in Balama. However, the company is accused by local residents of not giving proper compensation to those who were displaced by the project last September.

According to a company source, cited by the independent paper “O País”, the compensation process has begun and it will end on June 30.

“Twigg Exploration and Mining Limitada has already started compensating the peasants who, for almost ten years, have been demanding fair compensation for the land occupied by the project”, reads the paper.

The compensation process was officially opened by the administrator of Balama district. In addition to compensating the peasants, the company is in conflict with some of its workers, who were allegedly expelled without due compensation simply for going on strike to demand a pay rise and an end to discrimination against the workforce.