Balama’s first production on time
Australian Stock Exchange (ASX) listed Syrah Resources’ first concentrate production at Balama graphite has come earlier than set timelines.
According to the company the production...
Euromoney overhaul Mining Indaba
Organisers of Africa’s biggest mining jamboree – Mining Indaba have promised a big and better event in 2018.
The event’s new organisers - Euromoney said...
Analyst lowers Mustang’s prospects
The Independent Investment Research (IIR) firm’s recent data indicates lower base case 12-month price target for Mustang Resources.
IIR previously gave the company a base...
Companies conduct seismic surveys in two provinces of Mozambique
Seismic survey operations to establish the existence of hydrocarbons in commercially-viable quantities are due to begin next week on the coast of Zambezia and...
Pathfinder raises equity, amid on-going licence talks
London Stock Exchange listed Pathfinder Minerals PLC has raised GBP212,500 from its recent placing of 28.3 million shares.
The funds from the issue will provide...
Syrah raise working capital for Balama
Graphite developer Syrah Resources has announced intentions to raise A$110-million through a share placement to fund development of Balama project.
The company said the funds...
Nacala corridor gets additional funding
Mozambique and Malawi have agreed to expand the Nacala Development Corridor, under a new agreement recently signed.
The fresh agreement provides for additional funding of...
Mustang Resources extracts more rubies than expected in Mozambique
Mustang Resources has extracted more rubies than expected from the Montepuez mine in the northern Mozambican province of Cabo Delgado, the Australian mining company...
Balama concession graphite sold to Chinese
Chinese mining group BTR New Energy Materials’ subsidiary Jixi BTR Graphite Industrial has sealed a deal to buy graphite from Australian company Syrah resources...
Mining exploration expected to drive Mozambique’s economic recovery
Mozambique’s economic growth is expected to recover slightly at a rate of 4.2% this year, supported almost exclusively by the mining sector, after reaching...
