Australian miner signs deal for its Moz graphite with Chinese manufacturer

Australian-domiciled, ASX-listed junior miner Syrah Resources (Syrah) has announced, in a release through the ASX, that it has entered a binding sales agreement for 30 000 t of graphite from the first year of production at its Balama project in the Cabo Delgado province of Mozambique. The contract is with Chinese company Jixi BTR Graphite Industrial Company Limited, which is a 100%-owned subsidiary of lithium-ion battery anode materials developer and manufacturer Shenzhen BTR New Energy Minerals (BTR), based in Shenzhen (which is in Guangdong province in the south of China, adjacent to Hong Kong). This deal follows on from a non-binding Memorandum of Understanding (MoU) signed between Syrah and BTR in March. The two companies will also continue to develop the other elements of this MoU, which includes provision for possible cooperation in the supply chain.