Mozambique: Cahora Bassa seeks partnership for Central Norte
Mozambique graphite extractor to build factory in the US
1:32 CAT | 24 May 2018
Balama, Cabo Delgado. Photo: Syrah Resources
The mining company Syrah Resources announced yesterday that it had finalised a deal to build a battery components factory [battery anode material (BAM)] in the United States that will use graphite from Mozambique as a raw material.
In an announcement to investors, the Australian company announced the signing of a contract to purchase a site in Vidalia, in the American state of Louisiana.
“Consistent with our approach in Mozambique, Syrah is committed to environmental sustainability and community involvement,” said Shaun Verner, the company’s chief executive officer.
“We continue to make progress in our initial entry into the battery anode material (BAM) market,” he concluded.
Syrah Resources is one of the international companies exploring graphite in northern Mozambique, whose main extraction sites are located in Cabo Delgado.
Demand for graphite – a component used in batteries at a time when the market for cars powered by electricity and other products such as drones is expanding – is rising worldwide.
Source: Lusa
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