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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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Eni announces a giant gas discovery offshore Mozambique

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Eni announced a giant natural gas discovery at the Mamba South 1 prospect, in the Area 4 Offshore Mozambique. The volume of natural gas discovered will lead to a large-scale gas development with a combination of both export to regional and international markets through LNG and supply to the domestic market.

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Mitsubishi Chemical strengthens production capacity of graphite anode materials in China; possible production in Europe and US

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The market for Li-ion batteries for automobile applications is expected to grow about 30% annually on average. Syrah; Victoria, Australia), the world’s largest integrated producer of flake graphite with production in Mozambique and integrated active anode material production in USA, and Mineral Commodities Ltd.

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Eni increases the giant Mamba South gas discovery in Mozambique by 50%

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Eni announced that the discovery of gas made in the exploratory prospectus of Mamba South 1, Area 4 offshore Mozambique, is about 50% larger than what announced by the Company on 20 October. Eni has already begun the front end activities to timely market the gas both internationally and locally. Earlier post.).

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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.

Li-ion 236
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Eagle Graphite and University of British Columbia partner on development of silicon-modified anodes

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The supply of flake graphite is concentrated primarily in China and Mozambique, with Brazil, North Korea, Canada and India accounting for nearly all of the remainder of production. The project includes two mining leases, with a combined area of 300 hectares, valid until June of 2032 and renewable thereafter.

Universal 305
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ExxonMobil evaluating significant near-term capital and operating expense reductions; COVID-19

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ExxonMobil is looking to reduce spending significantly as a result of market conditions caused by the COVID-19 pandemic and commodity price decreases. Woods said that ExxonMobil has faced numerous market downturns throughout its long history and has experience operating in a sustained low-price environment. million net acres.