GRAPHITE
A feasibility study has estimated that the Balama graphite project, in Mozambique, would require a capital investment of some $138-million to deliver a 380 000-t/y operation.
Project owner Syrah Resources on Friday announced that based on the current maiden Joint Ore Reserves Committee-compliant reserve of 81-million tonnes, grading 16.2% graphite, the project was expected to have a mine life of about 40 years.
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