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

Green Car Congress

SEPTEMBER 12, 2023

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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BNEF: producing battery materials in the DRC could lower supply-chain emissions and add value to the country’s cobalt

Green Car Congress

NOVEMBER 29, 2021

The African Continental Free Trade Area (AfCFTA) is a free-trade area covering 54 African Union nations, which came into force on 30 May 2019 and effectively went operational on 1 January 2021. This is three times cheaper than what a similar plant in the US would cost. —James Frith, head of energy storage at BNEF.

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