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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.

Mozambique 186
Mozambique Financing Legal Louisiana 186
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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

—James Frith, head of energy storage at BNEF. Manufacturing battery precursors will add value to our mineral resources, grow renewable energy technologies, accelerate industrialization, light up and power Africa and create jobs for millions of young Africans. —African Development Bank President Dr. Akinwumi A.

Africa 221
Africa Supplies Emissions Poland 221
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