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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 and Anadarko to coordinate development of gas reservoirs offshore Mozambique, jointly to develop major onshore LNG facility

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Eni and Anadarko Petroleum Corporation signed a Heads of Agreement (HOA) establishing foundational principles for the coordinated development of common natural gas reservoirs in the offshore Mozambique. Coventurers include Mitsui E&P Mozambique Area 1, Limited (20%), BPRL Ventures Mozambique B.V. (10%), working interest.

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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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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. Earlier post.). During deepening of the well, it encountered a new separated pool that contains a potential of up to 7.5

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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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To meet the demand, MCHG has begun to consider securing the procurement of natural graphite-based materials, as well as production and sales in the United States and European countries through collaboration with international companies that own Natural Graphite operations and resources.

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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.

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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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