Australian company Syrah Resources has started production of the first flake graphite, packaged for sale, at the Balama Mine in the Mozambican province of Cabo Delgado, one of the largest graphite deposits in the world, the company said in a statement issued on Friday.
Syrah Resources now expects “reliably and consistently to supply the world graphite market,” in particular manufacturers of battery components, such as those used in electric vehicles.
The bags of flake graphite should begin to be exported in the coming weeks through the port of Nacala, the main point of departure for coal mined in Moatize, Tete province, and the Australian company expects to produce 160,000 to 180,000 tonnes of flake graphite in 2018.
Last September Syrah Resources signed a contract with Jixi BTR Graphite Industrial, a subsidiary of the Chinese group BTR New Energy Materials, for the supply of 30,000 tonnes of graphite in the first year of production.
The BTR New Energy Materials group manufactures and sells graphite anodes for lithium-ion batteries, among many other electronic, solar energy and composite materials products.
At the end of August, the Mozambican government approved the mining contract for exploration of graphite deposits by Twigg Exploration & Mining Limitada, a subsidiary Australian group Syrah Resources.
The contract with Twigg Exploration & Mining Limitada has a term of 25 years and requires a minimum investment of US$87.99 million. (macauhub)