11
Sep
12:05
Syrah gets $150m US loan for Mozambique graphite project
The US International Development Finance Corporation (DFC) has approved a $150 million conditional loan commitment to graphite miner Syrah Resources’ wholly-owned subsidiary, Twigg Exploration and Mining.
The Australia-listed Syrah said on Monday the DFC loan, if completed, would fund the capital requirements of its Balama graphite project in Mozambique. Funds will cover the expansion of its tailings storage facility, working capital at the operations and fe…
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Very good overview of the weekly steel market.
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