Syrah’s Balama graphite mine remains idle
ASX-listed Syrah Resources’ Balama graphite operation in Mozambique remained suspended for the third consecutive quarter, with the company citing continued protest action and lack of government intervention as key barriers to resuming production. The prolonged shutdown, driven initially by farmland resettlement grievances and later entangled in broader election-related unrest, has prevented Syrah from accessing the site and restarting operations. As a result, the company has not produced any graphite at Balama since mid-2024, with inventories now depleted and sales on hold until production resumes.
ASX-listed Syrah Resources’ Balama graphite operation in Mozambique remained suspended for the third consecutive quarter, with the company citing continued protest action and lack of government intervention as key barriers to resuming production. The prolonged shutdown, driven initially by farmland resettlement grievances and later entangled in broader election-related unrest, has prevented Syrah from accessing the site and restarting operations. As a result, the company has not produced any graphite at Balama since mid-2024, with inventories now depleted and sales on hold until production resumes.
