{"id":21257,"date":"2022-06-15T15:41:58","date_gmt":"2022-06-15T15:41:58","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/triton-minerals-confirms-casualties-at-mozambique-graphite-project"},"modified":"2022-06-15T15:46:30","modified_gmt":"2022-06-15T15:46:30","slug":"triton-minerals-confirms-casualties-at-mozambique-graphite-project","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/triton-minerals-confirms-casualties-at-mozambique-graphite-project","title":{"rendered":"Triton Minerals confirms casualties at Mozambique graphite project"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>Graphite miner Triton Minerals Ltd [ASX:TON] shares plummeted on Tuesday after exiting a trading halt and updating the market on a security incident at its Mozambique mine.<\/p>\n

In late Tuesday trade, TON shares were down 12% on a day punctuated by heavy selling market-wide, with the ASX 200 benchmark down 4.3%.<\/p>\n

Syrah Resources [ASX:SYR], another graphite miner that had also been affected by the security incident last week, was also down 12% late on Tuesday.<\/p>\n

SYR shares are now 28% in the past month:<\/p>\n

Fatalities at the Ancuabe Graphite Project<\/b><\/p>\n

Triton Metals exited a trading halt after giving the market further details on a recent insurgent attack at its Ancuabe site in northern Mozambique.<\/p>\n

Triton reported that on Wednesday, 8 June, that the Ancuabe site came under attack.<\/p>\n

Tragically, as a result of the attack, two of Triton\u2019s security and caretaker staff died.<\/p>\n

Triton said it is now supporting the affected.<\/p>\n

The miner also said it\u2019s liaising with local authorities and security forces while continuing to assess the situation.<\/p>\n

Triton said that \u2018no material damage occurred\u2019, with the miner remaining \u2018fully committed to the development of the Ancuabe Project\u2019.<\/p>\n

\u2018Our thoughts and prayers are with those impacted by this attack,\u2019 the company concluded.<\/p>\n

Triton\u2019s Executive Director Andrew Frazer commented:<\/p>\n

\u2018The management and employees of Triton are devastated by the loss of our colleagues and our focus is on supporting our workforce in the region, and their families.<\/p>\n

\u2018The security, health and safety of employees and contractors is critical to Triton.\u2019<\/p>\n

TON share price outlook \u2014 risk, reward, and politics<\/b><\/p>\n

Despite Triton\u2019s tragic update, questions remain.<\/p>\n

For one, Triton didn\u2019t disclose whether operations at the Ancuabe project are currently suspended.<\/p>\n

Will Triton halt mining activities at the site until the security issues are resolved?<\/p>\n

How will this impact the near-term operations at the project?<\/p>\n

And can Triton ensure the safety of its workforce going forward?<\/p>\n

No doubt the next weeks will see Triton grapple with these questions.<\/p>\n

The attacks in Ancuabe highlight the sovereign risk miners incur in choosing to develop assets in politically volatile regions, despite the broader strength in the graphite theme.<\/p>\n

Now, while lithium has snatched much attention away from other battery metals, the mass adoption of EVs is set to boost demand in metals like copper, nickel, cobalt\u2026and graphite.<\/p>\n

In fact, the flood of capital into the lithium sector is making our team at Money Morning think there\u2019s a much smarter way to play the EV boom.<\/p>\n

For More News And Analysis About Mozambique<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mozambique. Graphite miner Triton Minerals Ltd [ASX:TON] shares plummeted on Tuesday after exiting a trading halt and updating the market on a security incident at its Mozambique mine. In late Tuesday trade, TON shares were down 12% on a day punctuated by heavy selling market-wide, with the ASX 200 benchmark down 4.3%. Syrah […]<\/p>\n","protected":false},"author":84,"featured_media":21256,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[233,281,283],"class_list":["post-21257","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nTriton Minerals confirms casualties at Mozambique graphite project - Mozambique<\/title>\n<meta name=\"description\" content=\"Graphite miner Triton Minerals Ltd [ASX:TON] shares plummeted on Tuesday after exiting a trading halt and updating the m ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/triton-minerals-confirms-casualties-at-mozambique-graphite-project\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Triton Minerals confirms casualties at Mozambique graphite project\" \/>\n<meta property=\"og:description\" content=\"Graphite miner Triton Minerals Ltd [ASX:TON] shares plummeted on Tuesday after exiting a trading halt and updating the m ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/triton-minerals-confirms-casualties-at-mozambique-graphite-project\" \/>\n<meta property=\"og:site_name\" content=\"Mozambique\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-06-15T15:41:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-06-15T15:46:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/06\/img-62a9feb8d1bef.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/triton-minerals-confirms-casualties-at-mozambique-graphite-project#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/triton-minerals-confirms-casualties-at-mozambique-graphite-project\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Triton Minerals confirms casualties at Mozambique graphite project\",\"datePublished\":\"2022-06-15T15:41:58+00:00\",\"dateModified\":\"2022-06-15T15:46:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/triton-minerals-confirms-casualties-at-mozambique-graphite-project\"},\"wordCount\":432,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/triton-minerals-confirms-casualties-at-mozambique-graphite-project#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/06\/img-62a9feb8d1bef.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/triton-minerals-confirms-casualties-at-mozambique-graphite-project#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/triton-minerals-confirms-casualties-at-mozambique-graphite-project\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/triton-minerals-confirms-casualties-at-mozambique-graphite-project\",\"name\":\"Triton Minerals confirms casualties at Mozambique graphite project - 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