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US DFC approves $150M conditional loan commitment for Balama graphite mine in Mozambique

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The US Development Finance Corporation’s (DFC’s) Board of Directors approved the provision of up to $150 million in financing to Twigg Exploration and Mining—a wholly-owned subsidiary of Australia-based Syrah Resources Limited—to fund investments in the company’s graphite mining and processing operation in Balama, Mozambique.

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Tesla turns to Mozambique mine to acquire graphite for its EV batteries: report

Teslarati

Among these is reportedly one of the world’s largest graphite mines in Balama, Mozambique, which is operated by Australia’s Syrah Resources. . As per a report from The Associated Press , Syrah’s Louisiana plant sources its graphite from the company’s Balama, Mozambique mine.

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Eni announces a giant gas discovery offshore Mozambique

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Eni announced a giant natural gas discovery at the Mamba South 1 prospect, in the Area 4 Offshore Mozambique. The volume of natural gas discovered will lead to a large-scale gas development with a combination of both export to regional and international markets through LNG and supply to the domestic market.

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bp begins shipping LNG from Mozambique’s first LNG project and first FLNG platform

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As bp aims for an LNG portfolio of 30 million tonnes by 2030, the new Mozambique supply source expands bp’s flexible, high-quality LNG portfolio and further enhances the company’s capability to deliver LNG to markets globally. a joint venture owned by Eni, ExxonMobil and CNPC), GALP, KOGAS and ENH (Mozambique state entity).

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Panasonic invests more in graphite supply for the North American market

Teslarati

One of the locations the US-based automaker considered was Balama, Mozambique—one of the world’s largest graphite mines. The post Panasonic invests more in graphite supply for the North American market appeared first on TESLARATI. If you have any tips, contact me at maria@teslarati.com or via X @Writer_01001101.

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Eni increases the giant Mamba South gas discovery in Mozambique by 50%

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Eni announced that the discovery of gas made in the exploratory prospectus of Mamba South 1, Area 4 offshore Mozambique, is about 50% larger than what announced by the Company on 20 October. Eni has already begun the front end activities to timely market the gas both internationally and locally. Earlier post.).

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Roskill: graphite prices still rising on high Chinese electricity costs

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This week, Syrah Resources reported that its Q3 production had been constrained by disruption in the global container shipping market. The company reported its production in Mozambique as 25kt in Q3, down from 29kt in Q2. Total output for 2021 is likely to rival the next-largest ex-China producer, National de Grafite in Brazil.

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