DUAT: Syrah Resources receives key Land Access Licence for Balama project

Syrahmozcoarsegraphite_photo

2015-06-26) The Australian based mining company Syrah Resources has announced that it has received the legal title to the land (DUAT) for its Balama graphite and vanadium project in the northern Mozambican province of Cabo Delgado.

The DUAT grants the titleholder the right of land use for the duration of the mining concession and can be renewed for a further 25 years.

According to Syrah, all key approvals have now been granted, including the mining concession, water licence and environmental licence.

Syrah’s Managing Director, Tolga Kumova, stated “we would like to acknowledge the efforts of the staff within the Ministry of Land, Environment and Rural Development for their efforts in reviewing and supporting Syrah’s Land Access application”.

He added, “the awarding of all the key regulatory licenses has been the culmination of over two years of detailed studies and proactive engagement with the Mozambican government and community”.

Balama holds a world-class deposit of graphite, along with vanadium. Analysts expect the demand for graphite to increase in line with the development of electric vehicles and other battery-reliant devices.

Graphite is a form of carbon that is highly valued due to its properties as a conductor of electricity. It is used in batteries and fuel cells and is the basis for the “miracle material” graphene, which is the strongest material ever measured, with vast potential for use in the electronics industries. Graphite is also used for high quality steel production.

Source: AIM

Photo:  Very coarse graphite from BMDD0079, at Syrah’s Balama West project in Mozambique

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