Syrah Resources Restarts Graphite Exports from Mozambique After Protest Disruptions
Australian mineral producer Syrah Resources has resumed large-scale graphite shipments from its 350,000 tonnes-per-year Balama mine in Mozambique ahead of schedule, following months of disruptions caused by local protests.
The company has also lifted its force majeure declaration on Balama shipments, which had been in place until December 2024, according to a 23 July investor update.
Syrah is currently loading 10,000 tonnes of graphite flakes at Mozambique’s Nacala port, with the initial shipment destined for industrial customers outside of China.
The company also plans to export a large graphite consignment to the United States by the end of September, reflecting its strategic goal to expand into markets beyond China. This goal was outlined by Non-Executive Chairman Jim Askew during a May investor briefing.
In June, Syrah had announced plans to restart significant shipments between September and December, following the resumption of production at Balama.
Earlier this year, the company sold just 1,300 tonnes of natural graphite in the first quarter—a 94% decline compared to the same period in 2024—as it relied on existing inventories amid operational halts.
Access to the Balama mine was blocked in September 2024 by peaceful protestors concerned about farming resettlement issues.
Tensions escalated following a disputed general election in October. Despite the unrest, the mine remained undamaged, and Syrah was able to regain access in early May after reaching a settlement with affected farmers.
The resumption of shipments marks a critical step in Syrah’s efforts to stabilize operations and rebuild market share following a turbulent year.
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