ENERGY MINERALS

Market waiting as Syrah evolves graphite business

BUDDING, evolving graphite company Syrah Resources chewed through about US$37 million in the June quarter as work continued on its various downstream initiatives and as its upstream Balama operation in Mozambique produced and sold 44,000t of natural product.

 Balama, Mozambique

Balama, Mozambique

The Balama output came at C1 FOB costs of $543/t while the average CIF price was $562/t. The company said it was reviewing costs at the current 15,000t per month rate. Balama was briefly impacted...

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