article thumbnail

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

Green Car Congress

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.

article thumbnail

Syrah Resources signs binding offtake agreement with Tesla for natural graphite active anode material

Green Car Congress

Syrah said that the agreement provides a compelling foundation to proceed with the initial expansion of Vidalia’s production capacity; Syrah plans to make a final investment decision for construction of this expanded facility in January 2022, subject to financing commitments. Balama mine operation in Mozambique.

article thumbnail

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

Green Car Congress

The loan will help finance the construction of the Syrah Vidalia Facility. The project is expected to create approximately 150 construction jobs and 98 good-paying, highly skilled operations jobs. Vidalia Battery Anode Material Project Site Overview.

article thumbnail

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

Green Car Congress

The penetration of FNLG in Africa, which started in Cameroon and expanded to Angola and Mozambique and now to Senegal, Mauritania and Nigeria, highlights Africa’s commitment to unlocking the full exploitation of its gas resources. The FLNG facility will have a Liquified Natural Gas (LNG) nameplate production capacity of 1.2

Nigeria 186
article thumbnail

DOE awarding $1.6B to 11 battery materials separation and processing projects as part of $2.8B funding

Green Car Congress

Syrah’s Vidalia facility is an integrated milling, purification, coating, and surface treatment operation producing on-specification active anode material (AAM), using natural graphite from Balama graphite operation in Mozambique. Talon Nickel , Project “Double Play”: An Advanced Domestic Battery Minerals Processing Facility, $114,846,344.

Parts 459
article thumbnail

Tesla supplier sheds light on graphite supply challenge for EV battery manufacturers [Editorial]

Teslarati

Syrah Resources is an Australian company that supplies Tesla from its mine in Mozambique, one of the largest graphite producers. . After China, Brazil and Mozambique are the next largest graphite producers. Brazil produced 68,000 MT last year, while Mozambique’s output was 30,000 MT.

article thumbnail

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

Green Car Congress

With a functioning AfCFTA, the DRC can receive other upstream mineral inputs needed for lithium-ion batteries—such as manganese from, say, South Africa and Madagascar, copper from Zambia, graphite from Mozambique and Tanzania, phosphate from Morocco, and lithium from Zimbabwe, to name but a few.

Africa 221