Feb. 22, 2021 - Syrah Resources has begun the process to bring its Balama graphite operation in Mozambique back into production.

Details such as costs were scant aside from a timeline of 2-3 months.

The operation was closed last March for COVID-19 and weak product demand reasons. 

At full speed, Balama is a 2 million tonne per annum operation producing about 350,000tpa of graphite concentrate.

Syrah wants to become a vertically integrated company with an anode production plant at Vidalia in Louisiana in the frame. 

Syrah had US$80-90 million cash last month, with an equity raising last month pricing new shares at A90c each.