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

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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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bp begins shipping LNG from Mozambique’s first LNG project and first FLNG platform

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bp continues to look for opportunities across the gas value chain, as it sees LNG as an essential part of the energy transition and its own pivot to becoming an integrated energy company. The start of production at the facility comes at an important moment, as LNG plays a key role supporting energy security.

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Panasonic invests more in graphite supply for the North American market

Teslarati

Panasonic Energy signed a seven-year agreement with Nouveau Monde Graphite Inc. Panasonic Energy’s graphite supply deal with NMG starts with an investment of USD$25 million. One of the locations the US-based automaker considered was Balama, Mozambique—one of the world’s largest graphite mines.

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Roskill: graphite prices still rising on high Chinese electricity costs

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Roskill reports that prices for Chinese graphite continue to rise as producers contend with increasing electricity costs and supply disruption caused by limits on energy consumption. This week, Syrah Resources reported that its Q3 production had been constrained by disruption in the global container shipping market.

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Walkabout Resources’ Tanzanian graphite project moves to construction phase

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Australia-based Walkabout Resources, an Africa-focused energy minerals developer, announced that its Tanzania Lindi Jumbo flake graphite project had progressed into the construction phase, with the CRDB-approved Independent Project Manager completing site visits and bulk earthmoving contractor TNR commencing mobilization.

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UTM Offshore signs FEED agreement for Nigeria’s first floating liquefied natural gas (FLNG) facility

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UTM Offshore signed an agreement for the Front-End Engineering Design (FEED) for Nigeria’s first Floating Liquefied Natural Gas (FLNG) facility with engineering firms KBR, JGC Corporation and Technip Energies. UTM Offshore’s signing of the deal will be a game changer within Africa’s gas market.

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Syrah Resources successfully produces Li-ion battery grade spherical graphite; market numbers

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Australia-based Syrah Resources has successfully produced uncoated battery grade spherical graphite, using natural flake graphite from its Balama Graphite & Vanadium Project in Mozambique. The International Energy Agency (IEA) 2013 has forecast annual sales of electric vehicles (EVs) of nearly 6 million units by 2020.

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