{"id":45596,"date":"2023-08-27T11:42:10","date_gmt":"2023-08-27T11:42:10","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mining-co-decision-to-stop-graphite-production-may-hit-revenues"},"modified":"2023-08-27T12:00:54","modified_gmt":"2023-08-27T12:00:54","slug":"mining-co-decision-to-stop-graphite-production-may-hit-revenues","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mining-co-decision-to-stop-graphite-production-may-hit-revenues","title":{"rendered":"Mining Co. decision to stop graphite production may hit revenues"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>Mozambique\u2019 ministry of mineral resources and energy acknowledged on Wednesday that the decision by the Australian mining company Syrah to suspend graphite production in the country jeopardises the quantity and revenue targets that the state had projected.<\/p>\n

The Australian mining company Syrah announced on 18 July that it had produced 15,000 tonnes of graphite for electric car batteries in April, which it exports from the district of Balama, in Cabo Delgado province, northern Mozambique, but stopped production the following month due to stocks and prices on international markets.<\/p>\n

\u201cOperations at the Balama [Nacala\/Pemba] plant were interrupted, resulting in no production in May and June 2023, due to volatility in the Chinese anode market and the good availability of stock of finished products,\u201d said the second quarter activity report, released by Syrah and in which it estimates costs of $4 million (\u20ac3.5 million) for each month that unit is inoperative.<\/p>\n

Speaking to Lusa, Mozambique\u2019s National Director of Geology and Mines, Ca\u0302ndido Rangeiro, pointed out that the measure could jeopardise this year\u2019s graphite production projections and the revenue generated by this ore for the state.<\/p>\n

\u201cWe are saddened by this because we actually had projections for graphite production, and this target will probably not be reached,\u201d Rangeiro said.<\/p>\n

Without specifying figures, he said that the impact could be \u201cconsiderable\u201d, bearing in mind that Syrah is the largest graphite producer in Mozambique, ahead of GK, which exploits this resource in the Ancuabe district, also in Cabo Delgado.<\/p>\n

\u201cThis company [GK] has not told us of any stoppage, perhaps because it produces for a parent company that is in Germany,\u201d and has not instructed its subsidiary in Mozambique about any decision regarding its operation in the north, he added.<\/p>\n

Welcoming the fact that Syrah\u2019s decision had no impact on jobs, the national director of Geology and Mining pointed out that the dynamics of the international raw materials market are characterised by fluctuations in demand and supply.<\/p>\n

\u201cToday we are facing this situation, and tomorrow I believe it will change,\u201d he emphasised.<\/p>\n

The Balama mine began commercial production four years ago and was in the spotlight in December when Syrah announced an agreement with electric vehicle multinational Tesla, which intends to use graphite from the mine, described as one of the largest deposits of this type of \u201cquality\u201d ore in the world by the Australian company.<\/p>\n

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

Africa-Press – Mozambique. Mozambique\u2019 ministry of mineral resources and energy acknowledged on Wednesday that the decision by the Australian mining company Syrah to suspend graphite production in the country jeopardises the quantity and revenue targets that the state had projected. The Australian mining company Syrah announced on 18 July that it had produced 15,000 tonnes […]<\/p>\n","protected":false},"author":84,"featured_media":45595,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,281,283],"class_list":["post-45596","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nMining Co. decision to stop graphite production may hit revenues - Mozambique<\/title>\n<meta name=\"description\" content=\"Mozambique\u2019 ministry of mineral resources and energy acknowledged on Wednesday that the decision by the Australian minin ...\" \/>\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\/mining-co-decision-to-stop-graphite-production-may-hit-revenues\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mining Co. decision to stop graphite production may hit revenues\" \/>\n<meta property=\"og:description\" content=\"Mozambique\u2019 ministry of mineral resources and energy acknowledged on Wednesday that the decision by the Australian minin ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mining-co-decision-to-stop-graphite-production-may-hit-revenues\" \/>\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=\"2023-08-27T11:42:10+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-27T12:00:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/08\/sm_1693121231.003772.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\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\/mining-co-decision-to-stop-graphite-production-may-hit-revenues#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mining-co-decision-to-stop-graphite-production-may-hit-revenues\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Mining Co. decision to stop graphite production may hit revenues\",\"datePublished\":\"2023-08-27T11:42:10+00:00\",\"dateModified\":\"2023-08-27T12:00:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mining-co-decision-to-stop-graphite-production-may-hit-revenues\"},\"wordCount\":413,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mining-co-decision-to-stop-graphite-production-may-hit-revenues#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/08\/sm_1693121231.003772.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mining-co-decision-to-stop-graphite-production-may-hit-revenues#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mining-co-decision-to-stop-graphite-production-may-hit-revenues\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mining-co-decision-to-stop-graphite-production-may-hit-revenues\",\"name\":\"Mining Co. decision to stop graphite production may hit revenues - 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