AustralianSuper-backed graphite producer Syrah Resources is in crisis talks with US government agencies after civil unrest near its Mozambique mine halted production and triggered default clauses on crucial US government loans.
Syrah has been unable to make a profit from graphite mining at its Balama facility in Mozambique since 2017 and so has relied on AustralianSuper and US government agencies to either subscribe for shares or lend it money to stay in business.
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Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com
