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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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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. The company reported its production in Mozambique as 25kt in Q3, down from 29kt in Q2.

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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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DOE closes $102.1M loan to Syrah Technologies to expand production of graphite-based active anode material

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The US Department of Energy’s (DOE) Loan Programs Office (LPO) has closed a $102.1-million This latest loan closing supports the Department’s first comprehensive strategy to increase the domestic availability of the critical minerals and related materials for clean energy technologies. Earlier post.).

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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. The FLNG facility will have a Liquified Natural Gas (LNG) nameplate production capacity of 1.2

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Panasonic invests more in graphite supply for the North American market

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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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