ENERGY MINERALS

Better Syrah news from Balama

Syrah points to much improved production

Staff reporter

This article is 7 years old. Images might not display.

The company said "significant improvement in graphite recoveries and consistently high product quality" has been achieved post resumption of production early in November following a fire in October.

As such it was "on track" to achieve full-year 2018 production target of 101,000-106,000t of graphite concentrate.

At full speed the operation should be producing about 350,000t per annum based on feasibility work.

The fire in October was the latest in a series of setbacks reported by Syrah, which started the year forecasting output of 160,000-180,000t of graphite concentrate.

Regular subsequent downgrades impacted the company's share price (ASX: SYR) accordingly with the stock losing more than 70% at one stage this year.

However, the better news reported today saw the stock up 11% to A$1.81 in late trade, capitalising Syrah at $622 million.

 

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

editions

ESG Index 2025: Benchmarking the Future of Sustainable Mining

The ESG Index provides an in-depth evaluation of the ESG performance of 60+ of the world’s largest mining companies. It assesses companies across 10 weighted indicators within 6 essential ESG pillars.

editions

Leadership Insights 2025

Leadership Insights reveals key trends in priority mining issues through interviews with 15+ top mining company executives and an industrywide survey.

editions

Mining IQ Risk Analytics

Risk Analytics offers interactive access to World Risk Insight data, allowing you to customise risk views, benchmark jurisdictions, explore data behind scores and read expert commentary to guide your decision-making.

editions

Project Pipeline Index 2025

View our 50 top mining projects, handpicked using a unique, objective selection process from an expanded database of 600+ global assets.